BTC 15 min short-term pullback 0.63%: technical resistance level suppression and short-term profit-taking resonance.

From 18:45 to 19:00 (UTC) on July 7, 2026, BTC fell 0.63% in 15 minutes, with the price dropping from 64,134.0 USDT to 63,674.9 USDT, an amplitude of 0.72%, showing short-term price anomaly.

The main driver of this anomaly was technical correction demand. BTC accumulated a rise of about 10% from July 1 to July 6, with significant short-term gains. On July 7, it tested the key resistance level of $64,500 multiple times without a successful breakout, triggering some short-term profit-taking to close positions, and the price fell from the day's high of $64,476.62 to around $64,000.

Second, selling pressure from short-term holders intensified the correction. On-chain data shows that the liquidation amount of short-term traders reached $86.60M, far higher than the $54.01M of long-term holders. Short-term holding costs are concentrated in the $63,000-$65,000 range, and concentrated position closures amplified selling pressure. At the same time, Strategy announced the sale of $216M worth of BTC on July 6, its largest single sale in history, and institutional selling had a negative impact on market sentiment. ETF inflows also slowed, with net inflows of only $46.6M that week, a significant drop from the previous peak of $221.72M, and institutional funds adopted a wait-and-see attitude. Additionally, the Fear and Greed Index remained at 23, 'Extreme Fear', and market confidence has not fully recovered.

Current volatility risk remains. If the price breaks below the $63,000 support, it may further decline to $62,000. Going forward, close attention should be paid to the effectiveness of the $63,000 support level, sustained ETF inflows, and changes in Fed policy expectations, while being cautious of the risk of cascading liquidations among leveraged traders.