Only if you use it naively.
If you're smart about building your transactions, like with coinjoin or lightning network, Bitcoin is untraceable.
Discussion
Understand the coinjoin privacy. Where do I go to learn about lightning and privacy?
LightningPrivacy.com
I'm not a lightning guru, but what I understand is that the sender has a good privacy on the lightning
https://bitcoinmagazine.com/technical/state-of-bitcoin-lightning-network-privacy
https://raphtyosaze.medium.com/privacy-in-lightning-network-1e2902f0f61f
Here's a good resource: https://lightningprivacy.com