BTC plunged 0.49% in 15 minutes: institutional capital outflows combined with macro pressure trigger short-term selling pressure

From 16:30 to 16:45 UTC on June 24, 2026, BTC quickly dropped 0.49% in 15 minutes, breaking below $60,200 to around $60,171.4, with a fluctuation of 0.65%. The overall market was under pressure that day, with BTC falling 1.92% in 24 hours, fluctuating around the key support level of $62,000, and market sentiment was extremely fragile.

The main driver of this unusual movement was the continuous withdrawal of institutional funds. Spot BTC ETFs saw net outflows for six consecutive weeks, with cumulative outflows reaching $5.94B. On June 22, a single-day outflow of $68.3M was recorded. The vacuum of institutional buying led to a lack of bottom support for prices. Meanwhile, the US Dollar Index climbed to 101.15, a new high in over a year, while the Nasdaq fell 2.2%. Risk assets overall came under pressure, and the deteriorating macro environment intensified selling sentiment.

In addition, leveraged liquidations formed a negative feedback loop. Within 24 hours, the BTC liquidation scale reached $48.6M, of which 82.7% were long positions forcibly closed, exacerbating short-term selling pressure. On-chain data showed that the amount of BTC transferred by short-term holders to exchanges reached the largest scale this year, with approximately 53,800 BTC transferred to exchanges at a loss. The combined demand for spot and futures shrank by about 501,000 BTC, and market demand has fallen to the lowest level since the last bear market cycle. The current 200-week moving average ($62,457) faces a key test; if lost, the downside target will point to $59,000.

Investors need to monitor the gain or loss of the $62,000 support level, changes in ETF fund flows, and the trend of the US Dollar Index. Short-term volatility risk is high, and it is recommended to strictly control leverage positions.