Data: A trader has been liquidated 7 times in the past 10 hours, with total losses of approximately $16.47 million.

A quick breakdown of the impact: the news is somewhat negative and could easily trigger risk aversion in the short term. The key is to watch how well support below holds.
$BTC Current price: 62,722.01; 24-hour range: 62,006–68,322.01.