BTC bounces 0.63% in 15 minutes: Leverage washout and oversold repair confluence triggers short-term rebound

From 04:45 to 05:00 (UTC) on June 25, 2026, BTC rose +0.63% in 15 minutes, with the price recovering to the 60,972.0-61,403.6 USDT range, a volatility of 0.71%. After three consecutive days of sharp declines, the market showed signs of a rebound from oversold conditions, with the Fear and Greed Index still at an extreme low of 18.

The main driver of this move was short covering after a massive deleveraging. On June 24, the market saw long liquidations totaling $238.58 million within 24 hours, accounting for 80.5% of total liquidations. After a large number of high-leverage long positions were forced to close, selling pressure was concentrated, and short-term funds triggered short covering, pushing the price to rebound.

Additionally, the oversold technical repair created a resonance effect. The price hit a roughly two-month low of $59,175, with the key psychological support level of $60,000 providing technical buying. At the same time, institutional selling pressure eased in the short term – although the ETF saw a net outflow of $81.4M on June 24, with a two-day cumulative outflow of $195.2M, there was no new significant outflow data in the early morning. Retail investors' willingness to buy the dip also increased, with long positions on Binance accounting for 71.9%, forming short-term buying support.

The current rebound foundation remains fragile, with institutional fund flows not yet fundamentally improved. The consecutive net outflows from ETFs indicate that institutions remain cautious. If the price continues to rebound, it may trigger the establishment of new leveraged positions, leading to increased volatility. Going forward, key points to watch are whether ETF flows can turn positive, whether the Fear and Greed Index can break above 30, and whether the $60,000 support level holds. Short-term trading should be wary of the risk of chasing highs, and it is recommended to closely monitor on-chain fund flows and macroeconomic policy signals.