June 29, 2026, 14:15-14:30 UTC, BTC/USDT rose rapidly within 15 minutes, with a yield of +0.72%. The price rose from 59,002.9 USDT to 59,566.6 USDT, with a volatility of 0.95%. Market volatility notably expanded compared to previous trading days, and the trading atmosphere became active.
The main driver of this abnormal movement was marginal improvement in market sentiment combined with buying support at technical support levels. Short-term moving averages formed technical support when the price dropped to around $59,000, triggering some technical buying orders, pushing the price to quickly recover lost ground.
In addition, on-chain data showed a small positive net inflow to exchanges during that period. Some off-exchange funds chose to accumulate at lows after the price pulled back to key support levels. Meanwhile, optimism regarding future macro policy expectations warmed up. Investor risk appetite rebounded temporarily, fueling the momentum of the short-term rebound. Notably, although trading volume on the 15-minute level expanded, the overall volume remained at a moderate level, suggesting that this rise was more sentiment-driven rather than large-scale capital inflow.
In the short term, the price has recovered to above $59,500, but the $60,000 round-number level still faces some selling pressure. Attention should be paid to the performance of the upper resistance level. Investors should be cautious that if volume fails to sustain expansion, the price may face the risk of retesting support at $59,000. Going forward, continued attention should be paid to on-chain fund flows, macro news, and the long-short battle at key support and resistance levels.