According to Crypto Rover, Bitcoin (BTC) experienced a sharp price drop due to a combination of increased selling pressure from large wallets and negative market sentiment triggered by macroeconomic data releases. On-chain analytics cited by Crypto Rover highlight significant BTC outflows from major exchanges, indicating institutional profit-taking and heightened volatility. Traders are advised to monitor support levels near $60,000 and watch for further liquidation events that could impact crypto markets broadly. Source: Crypto Rover Twitter, June 22, 2025.