PANews reported on April 6 that according to CoinDesk, amid stock market volatility caused by tariffs, Bitcoin has remained stable recently, exciting market participants about its potential as a hedge asset. However, a significant downward movement cannot be ruled out in the short term, especially as the "US Treasury market basis trading" faces risks due to increased bond price volatility. Analysts believe that a potential explosion of $1 trillion in US Treasury basis trading could trigger a global cash grab, potentially leading to a sell-off of all assets, including Bitcoin. It is reported that a similar situation occurred in mid-March 2020, when the basis trading volume reached $500 billion.
