Previously everyone was running. Now everyone is on a bicycle. The power each person expends remains approximately the same. The people still running are left behind. The first person to get home after work from running is now the first person to get home after work from cycling.

The current price reflects the discounted pricing of future events, the effects of those events, and the probabilities of those events. When certain events occur, and other previously predicted and priced in events become impossible, the market necessarily adjusts.