Hot take on market crash...

From what it looks like, it was likely coinbase about to delist USDT on their platform (and not the 60 minutes segment) that led to a market wide crash.

The more I think of it, the more this makes the most sense (vs whale manipulation and other conjectures).

USDT is not a regulated entity backed up by 1:1 collateral, and with upcoming regulatory frameworks, its the first stable coin that will start getting de-listed across other exchanges because of its deregulated and unaudited nature.

Bitcoin is massively tied to USDT, so... USDT crashes, it crashes Bitcoin, that sends the market spiralling.

The reason above is precisely why a stable coin like RLUSD is needed in the market, and likely why when regulations become necessary for exchanges, that XRP will overtake BTC as the dominant market player.

Anyone else finding reason and logic in this?