BTC rebounds 1.19% in 4 hours: technical repair after oversold and institutional wait-and-see resonate

June 24, 2026, 20:00 to June 25, 00:00 (UTC), Bitcoin price achieved a +1.19% yield, rebounding from 59,852.3 USDT to 60,829.0 USDT, with a volatility of 1.63%. Earlier, BTC had briefly fallen below the $60,000 mark, hitting a one-year low, with a 24-hour decline of -2.89% on the day, showing a short-term oversold rebound.

The main driver of this movement was technical rebound demand. Bitcoin had plummeted from $71,360 to around $62,000 in early June, with a cumulative drop of over 12%. The short-term oversold condition provided room for a rebound. At the same time, $60,000 as a key technical support level triggered accelerated stop-loss liquidations, and short-sellers took profits, pushing the price up.

In addition, the wait-and-see stance of institutional funds was also an important supporting factor. In June 2026, Bitcoin ETFs saw net outflows for 10 consecutive trading days, with approximately $2.9-3 billion redeemed, setting a record for the longest outflow streak since the launch of ETFs in 2024. After the extreme sell-off, some institutions chose to wait rather than continue selling, temporarily alleviating selling pressure. On-chain data shows that large transaction activity reached a six-week high, with whales absorbing chips in the current price range, providing bottom support.

It should be noted that Bitcoin is still in a downtrend, and this rebound is a short-term recovery rather than a trend reversal. If ETF capital flows fail to turn net positive and the Fed's hawkish policy continues to exert pressure, prices may extend the decline. Going forward, it is necessary to closely monitor ETF capital flows, the validity of the $60,000 support level, and macro policy changes.