Bitcoin has experienced a significant drop, falling below $64,000 for the first time in over a month and reaching as low as $62,000. The cryptocurrency's price decline has led to increased liquidations and concerns that it may fall even further. Standard Chartered is planning to establish a spot trading desk for Bitcoin and Ethereum, indicating growing institutional interest despite the recent price volatility. Cryptocurrency analysis firm CryptoQuant suggests that Bitcoin's fall below the short-term holder realized price could signal further declines to levels not seen in nearly two months since mid-May.