Right, but due to the inflation, Any traditional fiat entities that collapse always create a positive effect on Bitcoin because people became scared on fiat that result for rushing in to buy fiat while some crypto traders assumes that people will start selling their fiat in exchange for Bitcoin. I believe any news that involves collapse of fiat in general give confidence to Bitcoin investors to invest more.
It’s rare now that Bitcoin collapse together with fiat when there’s a bad news in fiat. Maybe people is now informed that Bitcoin is not affected by inflation and its the best alternative to avoid it.
You have a point. Inflation and global economic issues did affect BTC in a bad way sometime back, but that has changed recently thanks to investors getting used to these economic conditions.
However, I wouldn't say that it's rare to see BTC collapse with FIAT when there are FIAT issues based on my observations.