I just had this weird thought that I will leave here:
what if Cantor Fitzgerald and co (Tether) is being used by the USG to move dollar liquidity into Bitcoin mainly, but crypto generally, in order to the crash the market at some future point either through regulation or some other change, wiping that liquidity off the table.
It would be a great move imo; you just get all those loose dollars floating around from printing 7 trillion, push that into a now 4 trillion market, then crash it.
Everything resets and you've eliminated ~1 to ~3 trillion from the market.
it would be a great plan tbh