PANews reported on April 9 that according to CoinDesk, as the "Basis Trade" liquidation wave hit the U.S. bond market, the U.S. 10-year Treasury yield soared to 4.5%, and the 30-year bond approached 5%. The market liquidity tension intensified, causing risk assets to be under great pressure. Analysis company Hyblock warned that if BTC falls to the $73,800-74,400 range, it will trigger a large-scale liquidation of long leveraged positions, exacerbating downward volatility. Hyblock also pointed out that the support below is around $70,000, and if it falls below, it may trigger more stop losses and liquidations.