Bitcoin Arrives at Abu Dhabi Conference Near $92K, Facing Sell-the-News Pressure
Bitcoin enters the Abu Dhabi conference trading around $92,000, as markets weigh the potential for another short-term pullback. Major bitcoin conferences in recent years have often coincided with temporary price dips, as traders take profits while retail participation ramps up.
Since Sunday’s futures open, Bitcoin has climbed above $92,000. Yet investors remain cautious, wondering whether this strength will hold or mark the start of another “sell-the-news” correction.
Historical patterns suggest a risk: from 2019 through 2024, major bitcoin events frequently triggered short-term price declines. The trend has persisted across all four major conferences in 2025:
- Las Vegas (May): Bitcoin peaked near $110,000 at the start, then fell to roughly $103,000 by the end.
- Prague (June): Prices began around $108,000 and dropped below $100,000, a roughly 10% decline.
- Hong Kong (Aug. 28-29): BTC slipped from $113,000 to $107,000, down about 5%.
- Amsterdam (November): Bitcoin recorded the steepest conference-related correction of the year, falling 12% from $107,000 to $95,000.
As Abu Dhabi gets underway, the key question is whether Bitcoin will continue this pattern or buck the trend that has marked every major 2025 event.
