BTC 1-hour rebound 0.57%: Technical buying combined with shrinking floating supply supports price repair

From 03:00 to 04:00 (UTC) on June 26, 2026, BTC/USD found buying support near a key support level, with a yield of +0.57%, a price range of 58,333.0-58,978.0 USDT, and a volatility of 1.10%. During this period, the price rebounded from around $59,700 to the $59,900 range. Although the gain was limited, it occurred against a backdrop of significant pullbacks in BTC over consecutive days (cumulative decline of over 17% in June), drawing markedly increased market attention.

The main driver of this anomaly was technical buying at the $60,000 integer level for dip-buying. On June 26, the price range was exactly near this key support level, and dip-buying behavior pushed prices to achieve a technical repair. From on-chain data, exchange balances have been declining from 3.3 million BTC at the beginning of 2022 to about 3 million BTC. The contraction of floating supply has reduced the liquidity of tradable sellers, combined with signals of continued accumulation by whales, making it easier for buy orders of the same magnitude to push prices up.

Second, ETF fund flows saw a short-term balance after extreme outflows in early June. Although the annual rolling fund flow has turned negative, the marginal outflow pressure has eased, providing temporary support for prices. The MVRV Z-Score is at a relatively low level, indicating that the market is not overheated, offering a valuation basis for dip-buying. Multiple factors resonated at the $60,000 technical level, amplifying the price repair momentum.

Current volatility risks remain. If the $60,000 support is lost, it may trigger programmatic selling, pushing down to $58,200 or even $56,000. Investors should monitor changes in ETF fund flows, on-chain exchange balance fluctuations, and macro liquidity signals. It is advisable to operate cautiously near key support/resistance levels.