BTC drops 0.73% in 15 minutes: CPI comes in hotter than expected, worsening macro sentiment; support levels are broken, triggering liquidations and leverage cascading.

Between 12:15 and 12:30 UTC on June 11, 2026, Bitcoin dropped sharply by 0.73% within 15 minutes. The price fell from $62,570 to around $62,100. The trading range was 62,669.3 to 63,181.9 USDT, with a peak-to-trough amplitude of 0.81%. This sudden short-term selloff occurred amid Bitcoin’s continued pullback trend in early June. Since the May 15 peak of $81,051.98, it has retraced by about 22.8%.

The main driver behind this move was the US May CPI data coming in above expectations. May CPI rose 4.2% year over year, the largest increase since April 2023, prompting the market to reprice the Federal Reserve’s monetary policy path and rapidly boosting risk-off sentiment. Spot gold at one point fell more than 4% to $4,023.76, reflecting pressure on global risk assets.

Second, fund flows and technical factors formed a “double resonance,” amplifying selling pressure. Bitcoin spot ETFs have recorded net outflows for 13 consecutive days, totaling $4.33 billion, with persistent weakness in buy-side demand. Meanwhile, the price broke below the key $62,500 support level, triggering programmed selloffs and a chain liquidation of leveraged long positions. In the past 24 hours, more than 160,000 traders were liquidated, with liquidation amounts exceeding $900 million. Long liquidations accounted for 93% of the total, and Bitcoin derivatives liquidations were $363 million. In addition, heightened geopolitical tensions in the Middle East pushed oil prices above $90 per barrel. Higher oil prices further weakened expectations for Federal Reserve rate cuts, creating continued macro-level pressure.

In the short term, it’s crucial to watch whether the key $60,000 support can hold. If it breaks, it may open up further downside space. The focus will then shift to the FOMC decision on June 17 and the subsequent CPI data trend. ETF flows remain the core indicator for gauging institutional sentiment. In an environment where volatility has intensified, leveraged positions face elevated risk—traders are advised to handle futures/derivatives positions cautiously and avoid excessive exposure.