BTC rebounds 0.85% in 15 minutes: technical buying enters and marginal easing from SpaceX IPO fund rotation

Between 12:30 and 12:45 UTC on June 10, 2026, BTC surged briefly by 0.85%. The price rebounded from 61,146.6 USDT to 61,968.4 USDT, with a 1.34% range. After the price broke below $61,000 early that day, it stabilized near a key technical support level, triggering some buying sentiment among technical traders.

The main driver behind this move was demand for a technical rebound. After BTC’s daily upward channel built since February 2026 failed to sustain a breakout in early May, it continued to fall. On June 10, the price in the early session approached the lower boundary of the channel at around $60,700, attracting left-side buy positioning from technical traders. The price rebounded from that day’s low of $60,708.92 by about 1.5%, with the 12:30–12:45 window contributing a 0.85% gain.

Second, SpaceX’s IPO has entered the final sprint phase, and the pressure from capital rotation has eased at the margin. The IPO roadshow has attracted $250 billion in investor demand, far exceeding the $75 billion funding target. Some traders took profits on portions of their crypto exposure before the allocation window narrowed, which helped absorb near-term sell pressure. In addition, in May, Bitcoin spot ETFs saw net outflows of $2.3 billion; whale addresses reduced holdings by about 6,000 BTC. Long-term holders’ net positions fell by 7.69%, indicating that institutions and whales are still net sellers, and this rebound is not a trend-reversal signal.

On risk guidance, it’s necessary to closely monitor capital redeployment after SpaceX’s IPO on June 12. If post-IPO funds fail to flow back effectively, BTC could test the $59,000 support level. If the 100-day EMA forms a death cross with the 200-day EMA, it would reinforce the downward trend. Short-term volatility risk remains; it’s recommended to watch whether the $62,000 resistance level can break and to monitor on-chain capital flows.