According to @milesdeutscher, the BTC sell-off over the past 24 hours was driven by three headlines: Japanese yields spiking to their highest level since 2008, Arthur Hayes questioning Tether's solvency, and China reinforcing its crypto ban, source: @milesdeutscher on X. These developments cluster macro rate pressure, stablecoin counterparty risk, and policy headwinds, helping explain the current BTC market weakness for traders, source: @milesdeutscher on X.