Bitcoin Hits $92K Ahead of Abu Dhabi Conference Amid Sell-the-News Concerns
Bitcoin enters the Abu Dhabi conference near $92,000, as investors watch closely for another potential pullback. Major bitcoin events have historically coincided with short-term price declines, as traders take profits while retail participation increases.
Since Sunday’s futures open, Bitcoin has climbed above $92,000, but the market remains cautious about whether this momentum will last or trigger another “sell-the-news” correction.
The pattern has been consistent across all four major conferences in 2025:
- Las Vegas (May): Bitcoin rose to ~$110,000 at the start, then fell to $103,000 by the event’s end.
- Prague (June): Prices began near $108,000, dropping below $100,000—a roughly 10% correction.
- Hong Kong (Aug. 28-29): BTC slipped from $113,000 to $107,000, down 5%.
- Amsterdam (November): Bitcoin fell 12%, from $107,000 to $95,000, marking the largest conference-related decline of the year.
As the Abu Dhabi conference begins, the question is whether Bitcoin will follow the same pattern or break the trend that has defined every major 2025 event.
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