A recent report by Bitfinex suggests that Bitcoin is currently experiencing a range-bound phase between $91,000 and $102,000 amidst rising geopolitical tensions and U.S. trade tariffs affecting countries like Canada, China, and Mexico. This report emphasizes the emerging trend indicating Bitcoin is behaving more like a risk-on asset than a traditional safe haven. As market sentiment continues to evolve, understanding Bitcoin’s role could shape investment strategies and decision-making for traders and investors alike.