like bitcoin Ahead of this year’s flagship Bitcoin conference in Las Vegas next week, traders will be on the lookout for a familiar pattern, a potential “selling the news” event that has developed in previous years.
The largest cryptocurrency is trading around $75,000, recovering from a local low of around $60,000 in early February after collapsing more than 50% from its October all-time high.
Data from Galaxy Research and PakGazette spanning 2019 to 2025 show that the price of bitcoin tends to rise in the run-up to these conferences, deliver mixed performance during the event, and fall substantially afterwards.
For example, bitcoin gained about 3% in the 24 hours leading up to the 2024 event in Nashville (featuring then-presidential candidate Donald Trump) and about 10% ahead of the 2019 conference in San Francisco, suggesting positioning drives maximum attention. Price action during the conference is typically subdued as the narrative fails to play out and the weakest performance occurs in the following days and weeks.
In the 2022 bear market, often compared to the current 2026 bear market environment, bitcoin fell just 1% during the Miami conference before falling nearly 30% over several weeks. Similar post-conference weakness was seen in 2019, 2021 and 2023, where momentum was not sustained.
Even in 2024, when Nashville hosted Trump to outline plans to position the United States as a bitcoin superpower, gains during the event were short-lived and marked a local high, just before the yen carry trade crash in August that pushed bitcoin as low as $49,000.
Conferences tend to coincide with spikes in attention and liquidity as bullish narratives build up ahead of the event, creating conditions for investors to reduce their positions.
With sentiment still fragile and prices recovering from deep losses, the key question for 2026 is whether Bitcoin Vegas will again act as a liquidity outflow event.
