Bitcoin Hammered Below $109K as Conference Indicator Strikes Again

CN
coindesk
Follow
2 hours ago


Historical data around Bitcoin Magazine's annual U.S. Bitcoin Conference has shown a clear pattern of poor price performance for bitcoin during and just after the event. The indicator didn't disappoint in 2025, with bitcoin (BTC) struggling in late May/early June alongside and then following this year's Las Vegas conference.

The logic behind that price action isn't that hard to decipher: in the weeks leading up to the show, conference organizers — looking to sell tickets and generate media coverage — overhype the speakers and what are sure to be "massive" announcements.

What follows is the usual cast of influencers, bitcoin OGs and newcomers to the sector (this year the Trumps) extolling "freedom money," "massive institutional and sovereign adoption," and "bitcoin to the moon."

How could the price do anything but dump?

Bitcoin Asia

For those not paying close attention, Bitcoin Magazine's Bitcoin Asia conference took place this week in Hong Kong.

The featured speakers included Eric Trump, CZ, Adam Back, Balaji Srinivasan and David Bailey. Among the subject matter covered — you guessed it — "freedom money," "massive institutional and sovereign adoption," and "bitcoin to the moon."

The price action: sharply lower.

At around $115,000 as attendees began arriving in Hong Kong earlier this week, bitcoin has tumbled to the current $108,400. This included about a 4% dive overnight in the U.S. (Friday in Hong Kong) as David Bailey and Eric Trump took the stage for a chat titled "Bitcoin Takes Over the World."


免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

注册100%中奖!抽BTC/苹果+领万U礼!仅限开学季
Ad
Share To
APP

X

Telegram

Facebook

Reddit

CopyLink