Bitcoin's price has recently fallen below $63,000, marking a significant decline from its previous levels. This drop follows a steady decrease in Bitcoin held on exchanges, with approximately 250,000 BTC leaving since U.S. Bitcoin ETFs started trading on January 10. The price dip has triggered a spike in long liquidations and a slowdown in large whale transactions, which have dropped by 42%. Cryptocurrency analysis firm CryptoQuant notes that Bitcoin's price has fallen past the point where short-term holders sold at a profit, suggesting potential further declines. On June 23, Bitcoin struggled to maintain its position above $64,000, fluctuating between $63,868 and $64,495. In the last six sessions of spot Bitcoin ETF trading, each day saw outflows.