most times when the crypto market nukes, it’s not because of bad news.

it’s because of uncertainty.

bad news is finite.
uncertainty isn’t.

with bad news, the damage is visible.
you can model outcomes, price risk, and move on. the market adjusts.

uncertainty is different.
the outcomes are unclear, the rules feel unstable, and nobody knows what comes next.

that’s when panic sets in.

uncertainty freezes capital.
investors go into wait and see mode, and when clarity doesn’t come, they pull out entirely.

capital exits fast, not because the news is worse, but because it’s unknown.

bad news usually leads to capital rotation.
uncertainty leads to capital withdrawal.

here’s the core truth:
investors would rather take a known loss today than face an unknown risk tomorrow.

bad news has probabilities. expected returns can be calculated.

uncertainty raises endless questions:
what if it gets worse?
what if more rules come?
what if this isn’t the bottom?

that’s why prices tend to grind lower for longer under uncertainty than under clearly defined losses

tldr:
humans are less afraid of bad outcomes than unclear ones.

under uncertainty:
fear spreads faster than facts
rumors replace data

bad news, on the other hand, usually triggers panic once and then the market moves on.