In investment, the market usually reacts before the actual event occurs.
This phenomenon has been verified in multiple cases:
Pre-expected reaction to events: The market often begins to react to expected situations before the event occurs. For example, the Mentougou incident may trigger risk aversion in the market, which may begin to appear before the event fully unfolds.
Decline and rebound: Taking the German incident as an example, the biggest decline in the market usually occurs before Germany actually starts selling coins. This shows that market expectations have reflected risks in advance, and declines may appear before actual events occur.
