Bitcoin is a high-risk asset, investors, against the backdrop of a decline in the SP500 index and an increase in dollar dominance, should have already sold Bitcoin and waited out the storm. But that did not happen.
1. People still believe. Faith is still on the market. Perhaps this is the evolution of the market cycle. People still have crypto.
2. Formation of the image of bitcoin as a reserve asset. It's hard to believe, but maybe now is a great time to start shaping the image of bitcoin in the public mind as an asset that can save people from inflation. Ant this the moment, when national currencies are depreciating due to inflation, that can be played in favor of bitcoin.