Wow. This was added in 2022, nearly 4 years ago now. You should really be better about updating your site, generally healthy sites are updated every 2-3 weeks…
Regardless, no, it cannot be disabled. However, you can customize it with the setting you mentioned. I suppose you can use an empty SVG but the dots will appear anyways unless the SVG is animated. I don’t see why you would want to hide them anyways, they’re harmless and go away in less than half of a second for most people.