Recent market volatility stemming from tariffs has shaken U.S. stocks, but Bitcoin has maintained a degree of stability. This resilience has sparked interest in Bitcoin as a potential safe haven asset during times of uncertainty. However, short-term price declines cannot be completely ruled out, particularly due to risks associated with ‘basis trading’ in the U.S. Treasury market. Analysts warn that a potential surge in the $1 trillion U.S. Treasury basis trade could trigger a global financial scramble, potentially leading to a sell-off of all assets, including Bitcoin. A similar scenario played out in mid-March 2020, when basis trade volume reached $500 billion.