This is where the macro podcasts are decent, like Nik Bhatia or Jack Mallets. Bitcoin's fine, but fiat liquidity has been very tight for awhile, which it never had been before in Bitcoin's lifespan. Most people don't know the first thing about how the Eurodollar system works. Even the Fed stuff which we pat ourselves on the back for being aware of mostly only gets you halfway through the 20th century. The Fed's centrality to the dollar is something to take with a LOT of salt. The move from LIBOR to SOFR has somewhat given them a little more pull than they had but a LOT of the collateral flows happen offshore entirely outside of the reach of any American institutions and nonetheless are very consequential for the dollar. I always tell people to check out Perry Mehrling's Economics of Money and Banking from 2012 on Coursera to get a primer on how money works, and even that's a little dated now.