Bitcoin has experienced significant outflows and price drops amid a cautious stance from the Federal Reserve and a more hawkish-than-expected FOMC meeting. Over the past week, Bitcoin ETFs saw their largest outflows in three months, with a net outflow of $621 million. On June 17, nine ETFs decreased by 3,169 BTC, worth $208 million. The price of Bitcoin has dropped below $65,000, marking its lowest point in over a month. Major ETFs, including those managed by Fidelity and Grayscale, have seen substantial decreases in their Bitcoin holdings. Fidelity's ETF decreased by 1,224 BTC, worth $80.34 million, while Grayscale's ETF decreased by 936 BTC, worth $61.4 million. On June 18, nine ETFs decreased by 2,824 BTC, worth $182.6 million. BlackRock and Fidelity now own a combined 477,121 BTC worth $31.4 billion, significantly more than MicroStrategy. The overall market sentiment remains bearish, with increased selling pressure and high volatility.