Statistically, price movements following similar news aren't always the same, so don't blindly apply past experience.
Take this news, for example: BitGo's third-quarter net income was $44.1 million, total revenue fell 50.9% year over year, $BTC was down 0.54% intraday, and trading volume was 1.11 billion.
This kind of negative news may prompt some investors to exit first. Whether they come back later depends on market conditions.