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Coinmarketcap data shows that on April 2, a total of $8.6 billion in net outflows occurred from Crypto Assets related ETFs, with net outflows from Bitcoin ETF reaching as high as $8.7 billion, indicating a decline in investor confidence in Crypto Assets amid trade tensions. Additionally, TradingView indicators show that the correlation between Bitcoin price and the Nasdaq index currently stands at 0.74. As Trump's tariff policies continue to have an impact, U.S. stocks have entered a bearish sentiment-driven trading phase in the short term, making it difficult for Bitcoin to escape an independent pump.