"'Trump Family Speech Announcement' Investors Cautious Ahead of Bitcoin Conference"

As the 'Bitcoin Conference 2025' is held in Las Vegas, USA, it has been analyzed that investors are taking a cautious stance.

On the 27th (local time), QCP Capital reported, "Unlike the rising stock market, Bitcoin is moving sideways between $107,000 and $110,000," and analyzed that "this is because investors are preparing for 'Headline Risk' ahead of the Bitcoin Conference."

Currently, the scheduled speakers for the Bitcoin Conference include U.S. Vice President JD Vance, Michael Saylor, founder of Strategy, Donald Trump Jr. and Eric Trump, David Sacks, the virtual asset and AI czar, and Bo Hines, chairman of the White House Virtual Asset Advisory Committee.

The report explains that since key figures from the U.S. administration are appearing at this conference, it could have a significant impact on the direction of Bitcoin prices. In fact, during the 'Bitcoin Conference 2024' held last year, Bitcoin's 1-day implied volatility surged past 90 immediately after Trump's keynote speech, and then plummeted nearly 30% within two days.

The report added, "This event is strongly imprinted in the memory of investors. It would have influenced the current sideways trend in the market." Furthermore, it predicted that the short-term sideways trend would continue based on the decrease in open interest (OI) of perpetual futures and the normalization of funding rates.

Meanwhile, the Bitcoin Conference 2025, which runs from the 27th (local time) to the 29th (local time), will be held at 1 a.m. Korean time on the 28th.

As of 11:43 p.m., Bitcoin is trading at $109,473, down 0.10% from 24 hours ago, based on the Binance USDT market.