New ranking system?

I had not read (or forgot reading) about new rankings by number of trophies. Is this ranking within the new tiers?

Lost trophies and gained 100k spots.

I suspect that many who were around a tier breakpoint and dropping cups are now keeping themselves above the breakpoint for the higher tier.

Those who were in that range while trying have likely been pushed down from people who are no longer dropping cups who have stronger teams.

That shift will probably have an impact on position relative to trophies.