A $16.48 million Bitcoin short position is down $150,000 on paper, while trader AguilaTrades, who rolls positions, is losing on both longs and shorts | $BTC (-0.51%)

The news looks bearish on the surface, but to see whether it was already priced in, compare it with prices over the past few days. Checking whether trading volume changed noticeably around the time of the news is the most direct way to tell.

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