BTC edges up slightly by 0.37% in the short term: ETF inflows combined with easing sell pressure drive a rebound in the short term

From 23:30 to 23:45 (UTC) on June 1, 2026, BTC saw a modest increase of +0.37% within 15 minutes. The price range was 71,220.7 - 71,586.9 USDT, with a range of 0.51%. In June, during seasonally weak months (the average return over the past 10 years is only 0.7%), the market overall remained in a narrow range; this small positive return falls within normal fluctuation.

The main driver behind this deviation is continued inflows into ETFs, providing spot buy demand. January 2026 data shows that daily ETF inflows can reach $648 million. Institutional capital allocated through ETFs increases exchange-held BTC directly, and tighter liquidity pushes prices upward.

At the same time, selling pressure from long-term holders and miners eased within the short-term window. Glassnode data shows that long-term holders averaged about 12,000 BTC in daily selling over the past 30 days. If daily selling falls below the average, it would reduce sell-side pressure; if miner transfers to exchanges temporarily slow down, it also reduces immediate selling pressure. In addition, after whale activity dropped by 80% in May, the market may enter a “seller exhaustion” state. In the $75,000-$80,000 range, technical conditions may trigger dip-buying demand. On June 10, May CPI data will be released, and pre-macro-event risk-averse sentiment may also support prices.

Risks to watch include: June CPI data coming in above expectations could cause the Federal Reserve to turn more hawkish; if ETFs resume net outflows, it would increase spot sell pressure; and if order book depth declines further, it would amplify price volatility. Users are advised to closely monitor macro policy developments and on-chain fund flows and manage short-term volatility risks cautiously.