There are two 800lb gorillas in the room though
1. Tether manipulation of Bitcoin https://coinlib.io/coin/BTC/Bitcoin refer to the Money flow diagram. There are plenty of other HN stories on the Tether situation
2. How long will the US dollar remain as the world's reserve currency? For context, https://www.principles.com/the-changing-world-order/ This is probably a big reason for this announcement.