The anticipated Bitcoin 2025 Conference, will it ignite the market or extinguish it?

An analytical look at the Bitcoin market

In light of Bitcoin's price trading within a narrow range between $107,000 and $110,000, traders eagerly await the Bitcoin 2025 Conference in Las Vegas, and with rising short-term volatility, the market seems to be heading towards caution.

💡 What makes the Bitcoin 2025 Conference a focal point?

It will see the presence of prominent figures such as U.S. Vice President JD Vance, renowned entrepreneur Michael Saylor, along with Donald Trump Jr. and Eric Trump, making the market on alert for any statements that may affect price movements.

Lessons from the past: Does history repeat itself?

Last July, the Bitcoin conference in Nashville witnessed a significant spike in daily volatility, with volatility rates exceeding 90% after a speech from the then President of the United States. This event led to a 30% drop in Bitcoin's price within just two days. Although the likelihood of this scenario repeating seems lower this time, the market shows a clear defensive tendency, as open interest in perpetual Bitcoin contracts has decreased, and funding rates have returned to normal levels.