The recent market volatility caused by tariffs has significantly impacted U.S. stocks, leading to instability. In contrast, Bitcoin has demonstrated remarkable stability, prompting interest in its potential as a safe haven asset. However, short-term declines are possible due to risks associated with ‘basis trading’ in the U.S. Treasury market, where bond prices have witnessed increased volatility. Analysts warn that a surge in the $1 trillion U.S. Treasury basis trade could trigger a global cash outflow, potentially leading to a sell-off of assets across the board, including Bitcoin. A similar scenario occurred in mid-March 2020, when the basis trade volume reached $500 billion.