Bitcoin is increasingly becoming a real-time barometer of global risk sentiment, trading on expectations and market narratives rather than concrete facts. Bitcoin's around-the-clock global nature compresses traditional market reaction cycles into minutes, causing price movements to lead events themselves, as traders anticipate shifts in collective sentiment. This reflexivity—where price movements influence behavior and vice versa—drives sharp volatility and makes Bitcoin a leading indicator, with its price often reacting to macroeconomic or geopolitical signals before other asset classes do.