Essentially, from the perspective of high-level players/institutions, 'Sell the news' trading is all about hunting liquidity in the secondary market and leveraging volatility for quick arbitrage. The crypto space is no different. Why do news-driven candlestick movements eventually return to the price range of volatility over time? This directly reflects the singular or unified action patterns of market leaders. You could even write a whole article just to discuss this topic. To understand liquidity hunting and volatility arbitrage, you first need to understand the roles of the participants in the market. At the same time, the survival space for retail traders in the short term is also being squeezed. This is why @ChainTrust0103 said, 'If a stock introduces high-frequency teams/market makers/quant teams, it’s best to stay away from it. This is not a good thing for retail investors.'