BTC 1-hour rebound 1.66%: short covering and technical rebound at $60,000 support

Between 14:00-15:00 UTC on June 25, 2026, BTC price rebounded from the low of the range, with a yield of +1.66%, trading range of 58,282.4 to 59,748.6 USDT, and amplitude of 2.51%. During this period, the price recovered part of the overnight decline, but market volatility remained high.

The main driver of this anomaly was short profit-taking combined with technical support. After BTC broke below the $60,000 psychological level on June 24, the total liquidation in the market exceeded $850M within 24 hours, of which long positions accounted for 80.5% (approximately $780M). After the leverage bubble was partially squeezed out, potential selling pressure dried up, triggering concentrated short covering. At the same time, $60,000, as a key psychological support level, attracted technical buying after the breakdown.

In addition, multiple factors amplified the volatility. First, the Crypto Fear & Greed Index fell to 18 (extreme fear). Historical data shows that this level is often accompanied by market bottoms, and some investors see it as a contrarian signal. Second, Santiment data shows that in early June, the number of BTC large transactions (>$100,000) reached 10,095 in a single day, a six-week high. Whales are exchanging chips at the current price range, with some buying the dip. Third, over 30 days, BTC open interest fell 17.6%, indicating deleveraging is underway, reducing the risk of subsequent forced liquidations. However, it should be noted that ETFs have seen cumulative outflows of $6.23B over 30 consecutive days, indicating institutional investor confidence remains weak. Retail long position proportion is still high at 72%, so the risk of subsequent liquidation has not been completely eliminated.

Currently, BTC has broken below the 50-day and 200-day moving averages, and needs to reclaim them to confirm a trend reversal. Going forward, focus on the effectiveness of $60,000 support, ETF fund flows, and macro policy changes. Short-term volatility risk remains, so it is recommended to pay attention to key support and resistance levels and set reasonable stop losses.