ETH fell 0.77% in 15 minutes: short-term selling pressure from turnover during Asia-Pacific and European trading sessions

June 29, 2026, 14:00 to 14:15 (UTC), ETH dropped -0.77% in 15 minutes, price range 1560.0 to 1573.38 USDT, amplitude 0.85%. This period corresponds to Beijing time 22:00 to 22:15, the交界 of Asian and European trading sessions, with relatively thin liquidity. Smaller sell orders can produce more noticeable price fluctuations, and short-term capital rotation triggered technical selling pressure.

The main driver of this anomaly is periodic insufficient liquidity combined with the release of technical selling pressure. The 14:00-14:15 UTC period is the late closing stage of the Asian trading day, with buy-side depth decreasing, triggering programmed sell orders or stop-loss orders to execute, pushing the price into a short-term sharp decline.

Secondly, the overall market sentiment is cautious. On the macro front, after last week's US CPI data release, risk aversion sentiment slightly rebounded, putting pressure on ETH as a high-beta asset. Meanwhile, DeFi TVL volatility has recently narrowed, on-chain activity is moderate, and the willingness to go long is limited, forming a short-term resonance of multiple factors.

Volatility risks remain. It is necessary to watch whether the $1,560 support level holds effectively. If it fails, it may trigger the next level of stop-loss selling pressure. On-chain ETH exchange net inflow/outflow changes and DeFi protocol TVL trends are key observation indicators. Short-term investors should control positions and guard against significant price fluctuations during periods of liquidity exhaustion.