Analysis: Bitcoin price stability faces potential risk of "basis trade crash"

ChainCatcher news indicates that amidst the turmoil in the U.S. stock market triggered by tariffs, Bitcoin has remained stable recently, exciting market participants about the potential of this cryptocurrency as a safe-haven asset. However, the possibility of a significant downturn in the short term cannot be ruled out, especially as "basis trading in the U.S. Treasury market" faces risks due to increased volatility in bond prices. Analysts believe that a potential explosion of the $1 trillion U.S. Treasury basis trading could trigger a global cash grab, leading to the 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.