A different take: Analyst Darkfost: Short-term holders send 47,300 BTC to exchanges at a loss
Most people see this as bearish. What I’m wondering is: has much of the panic already been priced in? It’s not uncommon for prices to rise after bad news breaks.
$BTC 24h -0.75% — the impact of a single news item is often not as significant as people think.

Just my personal opinion, not investment advice.