Analysis: Bitcoin price stability faces potential "big dump" risk of basis trading

According to Jinsuo Finance, amidst the turmoil in the US stock market caused by tariffs, Bitcoin has remained stable recently, exciting market participants about the potential of this crypto asset as a safe-haven asset. However, the possibility of a significant decline in the short term cannot be ruled out, especially as the “basis trading in the US Treasury market” faces risks due to increased volatility in bond prices. Analysts believe that a potential explosion in the $1 trillion US Treasury basis trading could trigger a global cash rush, potentially leading to the dumping 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.