BTC 15-minute short-term rally up 0.96%: short-covering after the Fed interest rate decision drives a price rebound

2026-06-17 18:51:48

BTC-2.16%

From 18:30 to 18:45 UTC on June 17, 2026, BTC delivered a +0.96% return in 15 minutes. The price rose from 65,264.3 USDT to 66,062.8 USDT at one point, with a swing of 1.22%. This price move occurred during a key trading window after the Federal Reserve’s June interest rate decision was released, when the market saw a rapid rebound following clearer macro policy signals.The main driver of this price move was the policy signal released by the Federal Reserve’s June interest rate decision. BTC, as a risk asset sensitive to liquidity, shows high elasticity to changes in expectations for monetary policy. The 18:30–18:45 UTC window coincided with the trading period right after the decision was published, and once macro policy became clear, the market instantly responded.In addition, structural changes in the derivatives market provided direct trading momentum. Data shows open interest grew against the trend during the recent price decline by 5.03% (to $48.52B), indicating new capital entering the market. At the same time, the long liquidation share was as high as 85.5%, and the leverage structure had been partially unwound; after the macro policy signals became clear, short covering became a direct force pushing up the price. On-chain large transaction activity reached a six-week high at the beginning of June (10,095 transactions in a single day). Institutional entities continued buying (Strategy holdings at 846,842 BTC), and multiple factors combined to amplify the magnitude of volatility.Be mindful of short-term volatility risk. ETF flows still show a sustained outflow trend (30-day net outflow of $5.68B). BTC has not managed to reclaim the key Fibonacci resistance level of $73,869, and the technical setup remains overall weak. Going forward, closely monitor institutional fund flows, the defense of the key support level at $63,418, and changes in macro policy signals.

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