BTC rebounds 0.93% in 15 minutes: RSI hits extreme oversold triggering technical repair, while ETF outflows slow down to ease sell pressure

From 19:45 to 20:00 (UTC) on June 5, 2026, BTC rebounded within 15 minutes from 59,739.7 USDT to 60,466.9 USDT, achieving a +0.93% return with a 1.22% amplitude. The price briefly broke above the $60,000 level. After continued declines, the market saw a technical correction, and short-term volatility increased.

The main drivers of this move are repair demand after extreme technical oversold conditions. The Bitcoin RSI has recently fallen into an extreme oversold range of 17 to 21.8, the deepest oversold level since 2022, triggering programmatic buy-the-dip signals. At the same time, $60,000 as an important psychological support level since 2024 attracted some long-term capital when it was first tested and helped absorb selling.

In addition, multiple factors converged to create a resonance effect. On the institutional side, net outflows from spot ETFs sharply dropped from $397 million on June 4 to $26.4 million on June 5, marginally easing selling pressure. In the derivatives market, open interest has fallen by 20.75% over the past 30 days to about $4.74 billion. Combined with the large liquidation event totaling $401 million on June 4, deleveraging was basically completed. On the macro front, the market’s risk premium for US-Iran geopolitical risk has been over-discounted, and a slight easing in safe-haven sentiment has provided risk assets with some breathing room.

This technical rebound does not change the medium-term downward trend; investors should watch for the price to test the $60,000 level again. If ETF outflows accelerate again, or if macro news worsens, selling pressure could be triggered once more. For short-term trading, focus on the effectiveness of $60,000 support and changes in ETF fund flows.