In a nutshell: A major whale opened a long position in BTC worth about $11.39 million using 7x leverage, with historical profits of about $821,600.
The bearish factors are already out in the open; now it remains to be seen how the market prices them in. What really matters is whether large orders are flowing in or out.
$BTC is currently at 75882.16, down 0.34% intraday—worth keeping an eye on.

Just a quick note; make your own decisions about buying and selling.