Bitcoin's rebound after hitting a two-week high on Monday is facing the risk of death. Against the background of macro uncertainty continuing to suppress market sentiment, it has shown the characteristics of "attracting more traps". Potential tariff escalation and inflation concerns are still suppressing the price of Bitcoin. CryptoQuant data showed that the price of bitcoin rose to $88,786 on Monday but the funding rate turned negative, indicating that traders are unwilling to pay a premium for opening new long positions in the perpetual contract market, and there are signs of cooling leverage demand. SignalPlus partner Augustine Fan pointed out that the market direction needs to wait for the key policy node on April 2. The next important catalyst will be the "Liberation Day" tariff announcement. With the Trump administration planning to announce a new round of tariff plans on that day, macro policy uncertainty may once again become a trigger to upset the balance of the crypto market.