Bitcoin (BTC) is back to circling $67,500 after a crypto-wide rout led to significant exchange withdrawals. The BTC price had dropped to $66,000 the previous day, sparking long liquidations of over $50 million. This pattern is familiar, often seen before Federal Reserve meetings on interest rates. Some traders are predicting a potential further drop to $60,000 unless market dynamics change. Meanwhile, on-chain data shows ongoing exchange withdrawals, with the largest U.S. exchange, Coinbase, particularly in focus. The total BTC balance on Coinbase Pro was down 14,420 BTC ($972 million) in the 24 hours to June 12.