Every time Valve drops an update, the whole CS2 economy starts acting like a casino. And the most recent updates did exactly that. The moment Valve announced that you can now trade five Covert items to craft a knife or gloves, the market basically exploded.
The most interesting aspect of this update is how radically different it seems from the CS2 price swings we've witnessed in recent years. The market typically shifts somewhat with each update, but it remains steady at some point. Prices first rise when Valve releases a new case, but as more people open it, they gradually decline. Some items increase and some decrease as stickers or new collections are released, but nothing disturbs the foundation. The core economy was never truly shaped by large operations. Knives and gloves consistently remained secure at the top of the pyramid, even if they added specific skins for a month and changed case costs. They were rare, case-only, and locked behind long-term drop rates, which preserved their worth. But this time the Valve changed how rarity works. That's something they almost never touch.

Knives and Gloves Are Dropping While Covert Skins Are Rising
Prices didn't move in one way; rather, they flipped. The things that everyone shows off, like knives and gloves, suddenly stopped being that thing. Since you can now make them. There are more ways to obtain them, which increases supply and lowers pricing. The market graphs show it clearly: many knives dipped as if they had slipped on a banana peel. Because everyone panicked at the same time, the value of certain high-end knives fell by thousands of dollars. It's crazy.

But on the other hand, all those Covert skins, the ones nobody cared about, suddenly became the cool ones. Their demand shot up because people need five of them to craft a knife. And now the skin you ignored last month is being bought by traders like it's the last pack of water in a supermarket during a storm.

Every trader is trying to guess what other traders will do. Some people are dumping knives because they think the market will crash even more. Others are buying knives cheaply, hoping that after the hype calms down, prices will bounce back. The market is experiencing something new.

Why Skin Updates Always Shake the Market
And this isn't just about items. Skin updates always bring panic and speculation. If Valve adds charm items, sticker capsules, or new collections, the whole economy twitches. One line in a patch note can change the price of a skin you've held for three years.
This update flipped all of that on its head. The moment Valve allowed players to craft knives and gloves by trading in five Covert skins, the CS2 (CS:GO) skin price ecosystem changed in a way we've basically never seen before.

How to Stay Ahead of The Market
These days, you have to consider new patterns in order to stay ahead of the game. Which covert skins are being crafted? Which knives may recover later because they crashed too hard? What items are being thrown out due to fear?
The market always moved slowly in previous updates. It was complete craziness this time. The volatility felt more like cryptocurrency than CS2, as you could literally witness values climb and plummet in a matter of minutes. So to learn patterns, you definitely have to check CS2(CS:GO) skin prices.

Skins To Consider After New Update
MP9 | Starlight Protector
Overnight, this skin transformed from a tranquil, mid-tier Covert to a complete superstar. Everyone suddenly required Covert skins to feed the system when the new crafting update arrived, and this one just so happened to be in the ideal pricing range. The price spiked over 25 times in a single week due to the sudden surge in demand. Those traders who had a few of these for amusement must be pleased now.

AK-47 | Legion of Anubis
This one rose steadily and boldly, although it didn't erupt as powerfully as the Starlight Protector. The upgrade caused customers to concentrate on concealed guns with high liquidity, strong market volume. The Legion of Anubis fulfilled all the requirements. It was always in demand and simple to purchase and sell. Its price increased more quickly than that of many other AK skins because of its consistency.

M4A4 | Temukau
This one wasn't even the main target at first, but because everyone was hunting Covert skins for trade-ups, the demand hit everything in that category, not just AKs and AWPs. M4A4 | Temukau is bright, modern, anime-styled, and already has a strong following. With the update, those factors pushed it upward, turning it from a stylish skin into a serious trade asset.

Desert Eagle | Light Rail
It was a chill, good-looking Covert that never tried to be anything special. But when red skins became the essential ingredient for crafting knives, even these mid-priced Covert pistols saw big demand spikes. Light Rail got caught in the perfect storm, cheap enough for mass buyers, pretty enough for casual players, and rare enough to feel worth holding.

Conclusion
Previous updates caused excitement. This one gave the game a completely new economy. Before this upgrade, the market was safe, steady, and predictable. I mean, we all knew some featured patterns. Following the upgrade, high-end knives lost their status, inexpensive reds became gold mines, and the entire trading landscape completely changed in a single night.