Bitcoin Arrives at Abu Dhabi Conference Near $92K Amid Sell-the-News Concerns
Bitcoin is entering the Abu Dhabi conference trading around $92,000, raising questions about whether the trend of short-term price dips at major bitcoin events will continue.
In recent years, major conferences have often coincided with temporary market weakness, as traders use the heightened attention to take profits while retail participation rises.
Since Sunday’s futures open, Bitcoin has climbed above $92,000, but the market remains cautious about whether this momentum will hold or trigger another “sell-the-news” correction.
Historically, major bitcoin conferences have frequently had a net-negative effect on prices, with a consistent pattern of short-term declines from 2019 through 2024.
The trend has persisted through all four major 2025 events so far:
- Las Vegas (May): Bitcoin rose to around $110,000 at the start, but fell to roughly $103,000 by the end.
- Prague (June): Prices started near $108,000, then dropped below $100,000, a roughly 10% decline.
- Hong Kong (Aug. 28-29): Bitcoin slipped from $113,000 to $107,000, down about 5%.
- Amsterdam (November): BTC experienced the year’s largest conference-related drop, falling 12% from $107,000 to $95,000.
As the Abu Dhabi conference gets underway, investors are watching closely to see if Bitcoin will follow the same pattern or break the trend that has defined every major bitcoin event in 2025.
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