Bitcoin 2025 Conference Raises Fears of Another Price Plunge

A year after the 2024 event sparked a 30% crash, traders are eyeing the ongoing Bitcoin 2025 conference for signs of history repeating itself.

Traders Cautious as BTC Revisits Key Support

Bitcoin briefly dropped toward $107,000 before rebounding to circle $110,000 on May 27, coinciding with the start of the Bitcoin 2025 Conference. However, analysts warn that this may be a setup for another sharp downturn.

Much of the concern stems from past patterns. The 2024 conference in Nashville preceded a 30% BTC crash shortly afterward, and now that the 2025 edition is underway, traders are on high alert.

Is Market Memory Still Haunted by 2024?

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD bouncing from local support. But larger players are reportedly positioning for potential volatility triggered by the Las Vegas event.

Factors like post-holiday trading, U.S. tariff uncertainties, and aggressive speculation are converging, similar to July 2024’s setup.

“With key speakers like JD Vance, Michael Saylor, and Trump family members, volatility around the event is expected,” wrote QCP Capital in a market update.

Their note recalled 2024, when President Trump’s keynote drove implied volatility above 90, resulting in a 30% selloff days later. That drop from $70K to $49K still shapes market behavior today.

What a 30% Drop Would Look Like in 2025

If BTC were to retrace 30% from $110,000, it would land near $77,000 — a level seen during the April low. That zone now represents a key psychological support level.

Crypto analyst Michaël van de Poppe echoed this view, reminding traders on X that drawdowns are normal:

“Corrections are part of the game. A 10–20% drop shouldn’t surprise anyone,” he said.

Some market watchers believe the current bull cycle is entering its final phase, warning that a long-term reversal may follow.

Short-Term Liquidity Targets Point to $106K

Trader Daan Crypto Trades highlighted nearby liquidity zones based on exchange order books. He cited data from CoinGlass to support his predictions.

“The longer price stalls, the more liquidity builds above and below. $106K and $111K are magnets,” he posted.

CoinGlass heatmaps showed large clusters forming near those ranges as U.S. trading resumed, confirming the growing influence of short-term orders.