Why people are trading headlines, not structure?

One thing I started noticing this year -most people react to price more than it should be, the real shift usually starts earlier in positioning, volatility and sentiment.

When btc went above 80k a lot of twitter influencers suddenly became aggressively bullish again. At the same time, some of the underlying risk signals actually became worse:

higher volatility,
distribution behavior,
more emotional positioning.

Today btc dropped to 73k and long structure was broken. So what changed my view on markets the most was realizing that candles alone don’t tell the full story anymore, especially in crypto.

So I am curious if anyone else here tracks market conditions beyond pure price action now and how?