Historical data around Bitcoin Magazine’s annual U.S. Bitcoin Conference has shown a clear pattern of poor price performance for bitcoin during and just after the event. The indicator didn’t disappoint in 2025, with bitcoin BTC$108,417.83 struggling in late May/early June alongside and then following this year’s Las Vegas conference.

The logic behind that price action isn’t that hard to decipher: in the weeks leading up to the show, conference organizers — looking to sell tickets and generate media coverage — overhype the speakers and what are sure to be “massive” announcements.