From 2026-06-25 12:30 to 12:45 (UTC+0) within the window, BTC saw a modest gain of +0.46%, rebounding during the session from a low of $59,108 to around $61,276. The core factors behind this move were: Bitcoin spot ETF net outflows for 5 consecutive days (on June 24, the single-day net outflow was $469 million, with IBIT outflows of $239 million), combined with a stronger US dollar and pressure on risk assets from expectations that the Fed would keep interest rates unchanged. After concentrated sell pressure was released, the price showed a technical rebound. However, there is a large sell wall at $61,294 on the order book (accounting for 72.3% of the top 5 sell orders), indicating clear short-term resistance overhead. Across the market, the Fear & Greed Index is only 18 (extreme fear), and both capital flows and sentiment remain bearish.