According to @milesdeutscher, traders should look past headlines about MicroStrategy selling BTC, alleged USDT insolvency, the Japan carry trade, and renewed China crypto bans, calling them distractions from the only thing that matters. Source: Miles Deutscher on X, Dec 2, 2025. He directs viewers to his latest video for the single core market driver he deems decisive for direction. Source: YouTube youtu.be/RGHF0J6Sdhg.

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.

According to Cas Abbé, crypto investors have endured Mt. Gox’s collapse, China’s 2017 ICO ban, 2019 mining ban, and 2021 full ban, the COVID day when BTC fell ~50%, US–China trade war dumps, five years of India ban headlines, the LUNA/UST $60B wipeout, 3AC’s collapse, the bankruptcies of Voyager, BlockFi, and Celsius, and FTX’s implosion that cut the market in half, plus regulators’ danger narratives, 15+ SEC ETF delays, lawsuits against Binance and Coinbase, Fed tightening and QT, whales dumping 400,000+ BTC, the largest liquidation event in crypto history, energy-waste claims, repeated ‘BTC to zero’ calls, MSCI-driven fear, bearish JPMorgan notes, over-optimistic cycle-top targets ($68K → $95K → $100K), and 70–90% altcoin drawdowns (source: Cas Abbé on X, Nov 29, 2025). Abbé concludes Bitcoin remains near six figures and stronger than these crises, implying that after surviving such volatility, selling BTC below $100,000 forfeits the payoff (source: Cas Abbé on X, Nov 29, 2025).

According to the source, Mainland China continues to prohibit crypto trading, exchange intermediation, and token issuance under the Sept 24, 2021 joint notice, keeping onshore liquidity suppressed and enforcement risk elevated for CNY onramps, source: People's Bank of China and multiple ministries, 2021. The PBOC is simultaneously advancing the e-CNY program, underscoring a policy preference for sovereign digital currency over private crypto assets, source: People's Bank of China, 2021 e-CNY white paper. In contrast, Singapore’s MAS issued a stablecoin framework on Aug 15, 2023 requiring high-quality reserves, T+5 redemption, and clear disclosures for SCS pegged to SGD or G10 currencies, providing regulatory clarity for compliant USD- and SGD-pegged stablecoins, source: Monetary Authority of Singapore, 2023 stablecoin framework. Hong Kong’s HKMA launched a stablecoin issuer sandbox in March 2024 and, together with the FSTB, is developing a licensing regime for fiat-referenced stablecoins, laying formal groundwork for regulated issuance and use, source: Hong Kong Monetary Authority, 2024; Financial Services and the Treasury Bureau of Hong Kong, 2024. Japan’s revised Payment Services Act effective June 2023 permits issuance and distribution of stablecoins by banks, trust companies, and certain intermediaries under FSA oversight, enabling onshore yen- and foreign currency-pegged stablecoins, source: Japan Financial Services Agency, 2023 PSA amendments. South Korea’s Virtual Asset User Protection Act effective July 2024 strengthens custody, market abuse, and disclosure rules for exchanges, tightening compliance standards across local venues, source: Financial Services Commission of Korea, 2024. Stablecoins constitute the majority of crypto transaction volume in East Asia, concentrating regional liquidity in major pairs such as USDT and USDC during Asia hours, source: Chainalysis, 2023 Geography of Cryptocurrency Report; CoinGecko, 2024 stablecoin market data. For trading strategy, the divergence implies restricted Mainland CNY onramps but improving regulated rails via Singapore, Hong Kong, and Japan for compliant USDT and USDC flows, requiring venue and token selection aligned with local licensing and redemption rules, source: People's Bank of China, 2021; Monetary Authority of Singapore, 2023; Hong Kong Monetary Authority, 2024; Japan Financial Services Agency, 2023.

According to the source, a social media post on Oct 27, 2025 claims Alibaba-backed Ant Group filed an ‘Antcoin’ trademark in Hong Kong, but independent registry confirmation is pending. Source: social media post dated Oct 27, 2025; Alibaba Group annual filing 2023; Hong Kong Intellectual Property Department trademark search. Mainland China continues to prohibit cryptocurrency business activities nationwide under the Sept 24, 2021 joint notice, pushing crypto activity to regulated offshore hubs. Source: People’s Bank of China 2021 notice on preventing cryptocurrency risks. Hong Kong operates a separate virtual asset licensing regime effective June 1, 2023, allowing compliant platforms and tokenization pilots that traders track for corporate participation signals. Source: Hong Kong Securities and Futures Commission virtual asset trading platform regime. For trading, monitor the HK trademark record for class coverage and status, any related submissions to the SFC or Hong Kong Monetary Authority, and disclosures from Alibaba Group or Ant Group, as confirmations could affect Asia-session sentiment around China tech–linked crypto narratives. Source: Hong Kong IPD trademark search; SFC and HKMA public registers; Alibaba Group filings.

According to @AltcoinGordon, historical market behavior indicates that news or fear, uncertainty, and doubt (FUD) around China banning cryptocurrency frequently coincides with local market bottoms for major assets like Bitcoin (BTC) and altcoins. This pattern has previously created buying opportunities for traders as sellers capitulate and prices stabilize before upward reversals, making such FUD events a closely watched signal in crypto trading circles (source: @AltcoinGordon).

According to @rovercrc, China has officially declared cryptocurrency trading, mining, and related services to be illegal. This announcement is expected to create significant volatility in the global crypto markets, with immediate impacts on Bitcoin (BTC) and other major digital assets as traders react to increased regulatory pressure and potential liquidity shifts. Market participants should closely monitor price action and trading volumes, as further declines or abrupt movements in crypto prices are likely following this regulatory development. Source: @rovercrc.

According to Adrian (@adriannewman21), China's official ban on ICOs in September 2017 led to a significant retracement in Bitcoin (BTC) prices, with BTC dropping by approximately 30-40%. This historical price movement highlights the substantial influence of regulatory actions in major markets such as China on cryptocurrency volatility and trading strategies. Traders should remain vigilant for regulatory news from large economies, as such events have proven to trigger sharp short-term market corrections and create both risk and opportunity in BTC and other digital assets (source: @adriannewman21).