CryptoQuant: BTC has fallen 16.7% since the tariff announcement, underperforming traditional assets such as gold and the US dollar

since the tariff announcement, the price of Bitcoin has fallen by 16.7% based on CryptoQuant data. Although it has rebounded from the previous low of 26.7%, it still lags behind the performance of most traditional assets. During the same period, gold rose by 12.9%, silver and the US dollar index both fell by 4.8%, the SP 500 index fell by 13.8%, and the Nasdaq fell by 17.5%. Despite the high volatility, Bitcoin's current decline is between the Nasdaq and crude oil, showing some signs of recovery, but it has not yet exhibited the characteristics of a safe-haven asset.