BTC rebounds 0.60% in 15 minutes: technical repair after large-scale liquidations, but macro pressure remains

Within the June 5, 2026 04:15 to 04:30 (UTC) time window, Bitcoin saw a short-term rebound, with a return rate of +0.60%. The price range was 62,657.1 - 63,239.7 USDT, and the amplitude was 0.93%. This rebound occurred after a sharp market pullback, and overall sentiment remains cautious.

The main driver behind this unusual move is a technical rebound following large-scale deleveraging in the derivatives market. Based on CoinGlass data, in the past 24 hours, more than 160,000 positions were liquidated, with a total amount exceeding $900 million. Longs accounted for 93%, while Bitcoin futures liquidations totaled $363 million. After extreme liquidation, excessive leverage was effectively cleared, creating conditions for a price rebound.

Second, rotation within risk assets also helped boost the short-term rebound. During the Asian trading session that day, the South Korean stock market plunged by more than 6%, triggering a circuit breaker. In addition, Broadcom’s AI business guidance came in below expectations, leading to a sell-off in tech stocks. Some funds then sought oversold rebound opportunities after the sell-off. Also, on-chain data shows that on June 2, Bitcoin transactions exceeding $100,000 in a single day reached 10,095, the highest in six weeks; increased whale activity may provide potential support for prices.

However, the macro environment and funding pressure still pose significant negative factors. Spot ETF flows have continued to see outflows, and on June 4 the outflow totaled $733 million. Geopolitical tensions and a surge in oil prices weakened expectations for Fed rate cuts, intensifying competition for market liquidity.

Volatility risk remains. Key things to watch include the $60,000 critical technical support level, ETF fund flows, and macro news. Investors should be alert to repeated swings in the short term and avoid excessive leverage.