The reason why the crypto pays excessive attention to a topic is not because the topic will actually have any significant impact on the market, but because paying attention to a topic itself can create a local narrative. Short-term fluctuations in the cryptocurrency market stem from sentiment, while long-term fluctuations stem from liquidity. Therefore, as long as there is a narrative, there will be emotions, and where there are emotions, there will be fluctuations. Why do crypto media outlets pay so much attention to macroeconomic events? Because there are no more interesting topics to follow in the crypto...🥲