Over the past 24 hours, $970 million in positions were liquidated across the market, mostly longs.
News is news, and structure is structure: until the direction changes, don’t let a single piece of news sway you.
This kind of bearish news may cause some funds to sit on the sidelines for now. Whether they come back later depends on market action.
$BTC Currently 82950.2, 24h +1.24%.

#BTC

Personal opinion only; not specific buy or sell advice.