Bitcoin Braces for Volatility as Vegas Conference Looms đ
Bitcoinâs been chilling in a tight $107k-$110k range despite last Fridayâs macro action, with equities going wild but BTC staying calm. Spot ETF demand is holding up, but traders are on edge, expecting sparks from the upcoming Bitcoin Conference in Las Vegas (May 27-29). Big names like JD Vance, Michael Saylor, and the Trump brothers are speaking, and last yearâs conference saw a wild volatility spike when Trump spoke, followed by a 30% BTC drop. Traders are cautious nowâperpetuals open interest is down, funding rates are normal, and even retail hotshots like James Wynn are pulling back. Rumors of a $3B Trump Media crypto raise (denied) arenât helping the nerves. The report predicts BTC will stay range-bound until the conference wraps, with volatility likely to cool off after.
I think the marketâs being smart here, playing it safe ahead of the conference. The memory of last yearâs volatility spike is clearly spooking traders, and with big names like the Trumps involved, anything could stir the pot. The $3B rumor, even if false, shows how jumpy everyone is. I agree BTCâs likely to stay stuck in this range until the speeches are doneânobody wants to get caught off guard. Once the dust settles, Iâd expect things to calm down unless someone drops a bombshell.
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