BTC saw a slight pullback of 0.12% in 15 minutes: institutional ETF outflows and the Fed's hawkish stance converge to exert pressure.

During the period from 12:00 to 16:00 UTC on June 25, 2026, BTC price fell by 0.12%, ranging from 61,143.0 to 61,364.0 USDT, with an amplitude of 0.36%. This small decline within the time window occurred against the backdrop of a larger drop on the same day — BTC fell 2.63% on the day, 5.29% over the past seven days, and 22.19% over the past month, with the overall market in a clear downward trend.

The main driver of this minor pullback was the continued outflow of institutional funds from Bitcoin ETF products. On June 24, 2026, spot Bitcoin ETFs recorded a daily outflow of $81.4 million, with June's monthly redemptions reaching $6.4 billion, a record high. ETF outflows directly weakened buy-side demand, accelerating the price decline under overall selling pressure.

At the same time, the hawkish shift at the Fed's June meeting further worsened the macro environment. The meeting chaired by new Chairman Kevin Warsh shifted the 2026 dot plot from rate cut expectations to a rate hike inclination, with the 2-year Treasury yield rising to 4.09%, a year-to-date high, and the dollar index simultaneously climbing to a 2026 high. Higher real yields reduced the appeal of non-yielding assets, while a stronger dollar pressured bitcoin prices denominated in dollars. Additionally, technical conditions continued to deteriorate — BTC has broken below key moving averages such as the MA50 and MA200, the RSI is in oversold territory at 29.946, the Fear & Greed Index is at an extreme fear level of 18, and long leverage liquidations (over $850 million in positions liquidated) have further amplified selling pressure.

Current market liquidity has significantly declined, with large orders potentially triggering sharp price swings. If support at $59,000 is broken, it could trigger the next wave of selling. Going forward, attention should be focused on ETF fund flows, Fed policy statements, and whether the key support level of $59,000 can stabilize.