Bitcoin's value dropped to nearly one-month lows at $65,066 on June 17, despite a modest uptrend over the weekend. Traders are now eyeing support levels down to $60,000, with multi-month lows possible if that level fails to hold. On-chain analytics platform CryptoQuant noted an increase in Bitcoin being sent to exchanges, particularly coins that last moved between three and six months ago, which could create selling pressure. The current situation suggests that after a certain rise, selling pressure will increase, potentially leading to another free fall.