Just to make sure I understand, is this the hypothesis? - People want to exit their position in USDT. - It is easier/faster for them to exit to Bitcoin than t

Just to make sure I understand, is this the hypothesis? - People want to exit their position in USDT. - It is easier/faster for them to exit to Bitcoin than to USD (because of their banking situation or KYC issues.) - This increases the demand for Bitcoin and drives the price up.