BTC Slips Under $109K Amid Recurring Conference Indicator Warning

The so-called “conference effect” that has long weighed on bitcoin prices during Bitcoin Magazine’s U.S. events appears to have resurfaced this week at Bitcoin Asia in Hong Kong.

Historically, the annual Las Vegas Bitcoin Conference has been followed by weak BTC performance, with 2025 proving no exception. The token struggled in late May and early June around the U.S. gathering, and the same dynamic has now played out in Asia.

Analysts suggest the pattern stems from heavy pre-event hype. Organizers often emphasize “massive announcements” to drive ticket sales and coverage, while speakers—from influencers to political figures—tout familiar narratives of “freedom money,” “sovereign adoption,” and “bitcoin to the moon.” The result has often been disappointment once the spotlight fades.

This week’s Hong Kong conference featured Eric Trump, CZ, Adam Back, Balaji Srinivasan, and David Bailey. As in past years, themes echoed bullish mantras, but the market response was the opposite.

Bitcoin traded near $115,000 as the event began but fell to around $108,400, including a sharp 4% drop overnight in U.S. trading (Friday morning in Hong Kong) during a session titled “Bitcoin Takes Over the World.”