Yes, it’s mainly about expectation
Yes, it’s mainly about expectation. For an actual use case, I noticed this when mentioning an IRC channel name, which became a long, distracting and useless hashtag link, exacerbated by agglutination and multi-word hyphenation typical in Finnish, (e.g. #channelname-irc-kanavalla). I tried to make it less distracting by editing in a preceding backslash, only to discover that it didn’t work here.