“Bitcoin enters the Abu Dhabi conference near $92K after a year of sell-the-news dips at major events, raising questions about another potential pullback.”, — write: www.coindesk.com
In recent years, major bitcoin conferences have developed a reputation for aligning with short-term market weakness, as traders use the increased attention as exit liquidity while retail participation picks up.
Since Sunday’s futures open, the price has already jumped above $92,000 on Monday, but the question remains whether this strength will hold or simply mark the start of another conference-related correction.
CoinDesk has previously highlighted that bitcoin conferences have often been a net negative for price, with a clear pattern of sell the news behavior from 2019 through 2024.
In 2025, the pattern has continued across all four major bitcoin conferences so far. The first event took place in Las Vegas in late May. Bitcoin climbed to around $110,000 just as the conference began, but by the end of the event the price had fallen to nearly $103,000.
In mid-June, Bitcoin Prague showed a similar setup. The price was firm at the start near $108,000, then slipped below $100,000 during the conference, marking a correction of about 10%.
August 28-29, brought the Hong Kong conference, where bitcoin moved from roughly $113,000 to $107,000, a 5% decline and a local low.
Last month, BTC Amsterdam delivered the sharpest correction of the year, falling about 12% from $107,000 to $95,000.
The question now is whether Abu Dhabi will follow the same trajectory or break the trend that has defined every major bitcoin conference so far in 2025.
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Bitcoin pushed back above $92,000 during Monday’s Asia session as traders priced in a likely Federal Reserve rate cut this week; altcoins continued to lag.
- BTC climbed above $92,000, reversing Friday’s sell-off and approaching the $94,200 level as US equity index futures also ticked higher.
- The “altcoin season” indicator hit a record-low 19/100, with CD80 significantly underperforming the CD20 as speculative interest remains suppressed.
- Privacy coins continue to outperform. Zcash surged 17% and is up 600% this year while memecoins, metaverse tokens and Celestia’s TIA remain among the year’s weakest performers.
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