Source: Cointelegraph Original: "{title}"
As global investors flee risk assets due to escalating trade tensions in the U.S., the relationship between Bitcoin and traditional financial markets is facing new pressures.
According to Farside Investors, U.S.-listed spot Bitcoin ETFs recorded their fourth consecutive day of outflows on April 8, with total net redemptions across all products exceeding $326 million.
BlackRock's iShares Bitcoin Trust ETF (IBIT) experienced the largest sell-off, exceeding $252 million, marking the largest single-day outflow since February 26.
Bitcoin ETF fund flows, in millions of dollars. Source: Farside Investors
The selling pressure stemmed from U.S. President Trump's announcement of comprehensive reciprocal import tariffs on April 2, which triggered a historic evaporation of $5 trillion from the S&P 500 index within two days.
The delayed turmoil in the crypto market following the tariff-related sell-off in traditional markets highlights the "evolving relationship" between Bitcoin and traditional markets, said Lennix Lai, Global Chief Commercial Officer at OKX exchange.
In an interview with Cointelegraph, Lai stated, "Despite Bitcoin's 26% drop since January, its relative resilience in the first two days after the tariff announcement—down 6% while the Nasdaq fell 11%—indicates a subtle dynamic emerging between crypto assets and traditional assets."
Bitcoin initially held firm at the $82,000 support level but fell below $75,000 on Sunday, April 6.
BTC/USD one-year chart. Source: Cointelegraph Markets Pro
Some industry leaders attributed Sunday’s sell-off to Bitcoin's 24/7 liquidity mechanism, making it the only large liquid asset available for de-risking over the weekend.
Bitcoin remains closely tied to global liquidity conditions
Lai noted that while there are "encouraging signs of weakening correlation" between Bitcoin and stocks, Bitcoin's price trajectory remains closely linked to global liquidity conditions, adding:
"While I see early signs of divergence, I believe Bitcoin is still fundamentally connected to global liquidity conditions and must remain cautious under potential market pressures—while gold serves as a hedge against geopolitical instability."
Lai also stated, "The most important aspect here is not price volatility, but Bitcoin's growing conceptual influence—people increasingly view it as an effective strategic reserve asset for diversification in chaotic traditional markets."
Other analysts also believe that the growing money supply is a major catalyst for Bitcoin.
Arthur Hayes, co-founder of BitMEX and Chief Investment Officer of Maelstrom, stated, "Bitcoin trading is entirely based on the market's expectations of future fiat currency supply."
Related: Bitcoin rebounds as traders spot China's "weaker yuan" chart, but U.S.-China trade war limits Bitcoin's surge past $80,000.
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