BTC rebounds 3.10% in 1 hour: technical rebound after leverage liquidation and a convergence of buying from institutions that diverge

Between 22:00 and 23:00 UTC on June 7, 2026, the BTC price rebounded from 61,725.2 USDT to 63,736.7 USDT, delivering a +3.10% return, with a swing of 3.26%. After a rapid selloff from late May to early June, the market saw a technical rebound near key support levels.

The main driver behind this move was a technical repair following deleveraging. In late May, more than 160,000 people were liquidated within 24 hours, with total liquidation amount exceeding $900 million; long positions accounted for 93%, totaling $873 million. The extreme deleveraging caused sell pressure to temporarily dry up, creating technical conditions for the rebound.

In addition, institutional positions showed clear divergence. Although the ETFs as a whole saw fund outflows (cumulative outflows of $4.4 billion over 13 consecutive trading days), the advisory group reduced holdings by only 5.9%. JPMorgan increased its BTC holdings by 3,000 BTC, and Bank of America added 4,000 BTC. Sovereign fund Mubadala also made a low-price allocation of 1,100 BTC. Meanwhile, after BTC pulled back more than 40% from its prior high and lost the $75,000 support level, oversold indicators such as RSI triggered some quantitative funds’ buy signals. With multiple factors converging, a resonance formed.

Macro liquidity risk should be watched: if geopolitical tensions escalate and crude oil prices keep rising, the Federal Reserve may be forced to adopt tighter policy, which could pressure risk assets. Technically, it’s important to monitor whether price can break above the upper boundary of the rising channel in an effective way, and to guard against a new round of liquidation cycles caused by the re-accumulation of leverage.