Bitcoin experienced a 14% drop from its record high, with a subsequent recovery.

Analysts pinpointed significant support and resistance levels for Bitcoin's value.

Grayscale's Bitcoin Trust saw a notable $642 million net outflow in a single day.

Market sentiment was affected by the Federal Open Market Committee meeting and GBTC outflows.

Spot Bitcoin ETFs have quickly amassed over 4% of Bitcoin's supply, signaling strong market adoption.

Major Wall Street asset managers have begun offering Bitcoin ETFs, reflecting increased institutional interest.