From 16:00 to 16:15 (UTC) on June 23, 2026, BTC/USDT rose by +0.50% within 15 minutes. The price rebounded from 62,425.0 USDT to 62,825.0 USDT, with a range of 0.64%. Under the broader pattern of recent overall pressure, this short-term spike suggests signs of a technical rebound after sell pressure was temporarily cleared.
The main driver behind this move is a sharp slowdown in ETF fund outflows. Based on on-chain data, the peak weekly outflow at the start of June reached $1.72B, but by the week of June 20 it had fallen to $226M, a 87% decline month-over-month. After the period of extreme selling pressure, liquidity pressure has marginally eased, providing temporary support for price.
At the same time, technical indicators point to demand for a rebound. RSI is at 43.280, close to the neutral level around 50; Williams %R is 39.305, approaching the overbought zone, implying room for a short-term technical pullback. $60,000 as a psychological level attracts whales and long-term holders to accumulate, strengthening buy-side absorption. On the macro front, the Fed’s hawkish stance at its June policy meeting has already been priced in by the market, so its suppressive effect is gradually diminishing. On-chain transaction activity remains high, and fundamentals stay stable.
In terms of risk warnings, ETF net outflows are still positive, and the outflow trend has not fundamentally reversed. The price has not effectively broken through the key resistance level of $64,760; if the breakout fails, it may restart the downtrend. The Fed’s dot plot indicates there may still be rate hikes in 2026, and pressure from tightening liquidity is expected to persist. Short-term volatility risk remains; monitor potential turning points in ETF fund flows and breaks of key technical levels.