Bitcoin's relationship with traditional financial markets is experiencing renewed stress, highlighted by significant outflows from Bitcoin ETFs amid heightened US trade tensions. On April 8, US-listed Bitcoin exchange-traded funds (ETFs) reported their fourth consecutive day of outflows, totaling over $326 million. Notably, BlackRock’s iShares Bitcoin Trust ETF was the most impacted, with a daily outflow exceeding $252 million, marking its largest sell-off since late February. The market's volatility aligns with US President Donald Trump's recent tariffs announcement, which disrupted traditional markets and led to Bitcoin dropping below the $75,000 mark. Although the correlation between Bitcoin and traditional equities appears to be weakening, experts caution that Bitcoin's price remains intrinsically linked to global liquidity conditions. Lennix Lai of OKX Exchange emphasized that while initial signs of divergence exist, Bitcoin is still influenced by fiat money supply dynamics, asserting that Bitcoin is evolving as a strategic asset amid conventional market chaos.

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