BTC rebounds 1.03% in 15 minutes: oversold recovery and leverage flushes trigger a technical rebound

From 09:00 to 09:15 UTC on June 5, 2026, BTC/USDT saw a +1.03% return within 15 minutes. The price rebounded from 62,433.9 USDT to 63,100.8 USDT, with a 1.07% range. Previously, Bitcoin had been falling sharply for several days, and on June 2 the single-day drop reached 6.53%, with the intraday low briefly breaking below $62,000. The 24-hour decline exceeded 3.5%.

The main driver behind this move is technical rebound demand. Bitcoin’s daily RSI fell to 10.00 on June 3, nearing an extreme oversold state. Historical experience suggests that in such situations the price often enters a corrective rally. In addition, the key technical support in the $61,000–$62,000 range attracted some bargain-hunting inflows.

Second, a large-scale leveraged liquidation effect amplified this rebound. Data shows that in the past 24 hours, more than 160,000 traders were liquidated, with liquidation amounts exceeding $900 million. Of this, long liquidations accounted for 93%. After high-leverage long positions were cleared, selling pressure was temporarily released, and short sellers closing positions at a profit further pushed the price higher. Also, this time window falls during the early Asian trading session; some investors across Asia-Pacific chose to buy on dips after price touched key technical support.

However, the medium-term downward trend has not yet been reversed. Bitcoin ETFs have seen outflows for 13 consecutive trading days, with total net outflows amounting to $4.4 billion. The US Dollar Index remains strong, expectations for Fed rate cuts have cooled, and macro conditions are overall bearish amid geopolitical risks (the escalation of the US-Iran conflict caused oil prices to break above $90). The Fear and Greed Index remains at the extreme “Fear” level of 11.

Going forward, the key focus is the effectiveness of the $61,000 support level. If it breaks, it may trigger another wave of selling. Short-term investors should be alert to risks of increased volatility caused by high-leverage positions in the derivatives market; it is advisable to trade with low leverage and monitor changes in macro news.