Bitunix Analyst: US Treasury Basis Trade Blowup Triggers Yield Surge, Liquidity Tightening, XRP Short-Term Support at $1.74, Short-Term Resistance at $2

April 9th: Due to Trump's tariff threats leading to market panic, the US Treasury market witnessed a wave of basis trading unwinding, resulting in a rapid increase in long-term yields. On Monday (April 7th), in the face of tariff fears, XRP briefly dropped to $1.61; during the Asian session on Tuesday, after the market digested Trump's policies and positive ETF news, XRP quickly rebounded to $2, indicating that digital assets still possess appeal. Bitunix analyst proposes: The unwinding of basis trades triggered a surge in US bond yields. In the short term, safe-haven funds may continue to fluctuate in the crypto market. The technical performance of XRP in the $1.74–$2 range will determine the next move. It is advised that investors flexibly utilize the $1.74 support and $2 resistance levels and practice strict risk management.