Whether trading volume really increased before and after the news was released is the most direct way to test it.
For example, this item: A certain whale has been repeatedly going long on ETH and has added another 9,000 tokens, with a position health ratio of 1.51, $ETH , and a trading volume of 859 million.
What bullish news fears most is often not that nobody has seen it, but that everyone has already seen it.

#ETH