BTC's biggest moves are macro moves: it trades like a high-beta liquidity asset. When money is cheap and risk appetite is on, BTC amplifies the upside; when liquidity tightens, it amplifies the drawdown. Headlines matter mostly through that lens — the question is never 'is this news good?' but 'does this change how much money wants risk?'
A practical macro filter
- Scheduled events (CPI, Fed decisions) are volatility APPOINTMENTS: expect compression before, violence after, and fakeouts both ways in the first minutes.
- The reaction outranks the news: bullish headline + selling = the market was positioned long and is exiting. Price's response IS the information.
- Crypto-native shocks (exchange failures, regulation, ETF flows) hit hardest during thin hours — the cascade lesson applies double.
You can trade THROUGH news or AROUND it, but decide beforehand. Being mid-position 'to see what happens' at a Fed decision isn't trading — it's donating with a thesis.