Key Points
- Bitcoin futures market records largest-ever CME gap following a significant price movement.
- The $10,000 gap raises questions about Bitcoin’s next move, will it fill the gap or continue its upward trend?
Bitcoin futures have registered the largest-ever CME gap, a result of the substantial price shift following the unexpected announcement of a national crypto reserve by U.S. President Donald Trump.
The gap, which exceeds $10,000, indicates increased volatility and prompts important questions about Bitcoin’s forthcoming actions.
Understanding CME Gaps
CME Bitcoin futures gaps occur when the futures market shuts for the weekend while the spot markets remain operational, leading to a price discrepancy when trading resumes.
These gaps often act as psychological levels for traders, with past market cycles showing a tendency for Bitcoin to revisit them.
The recent gap, which formed between $84,650 and $94,000, is unprecedented. In comparison, the previous record in August 2024 was just over $4,000.
Now, the Bitcoin futures market observers are discussing whether it will retrace to fill this gap or continue its upward trend.
Bitcoin’s Price Surge
Bitcoin initially traded around $85,000 before spiking to $94,480 on March 2nd, largely driven by Trump’s announcement of a U.S. crypto reserve and growing institutional interest.
This sharp price movement resulted in a $10,000 Bitcoin futures CME gap, the largest to date.
At the time of writing, BTC was trading at $91,963, down 2.50% in the last 24 hours. The RSI is at 47.04, indicating neutral momentum after the recent volatility.
The OBV was at -92.19K, suggesting that buying pressure has not fully recovered despite the rally.
Bitcoin remains above the crucial psychological level of $90,000. If selling pressure increases, BTC could fall towards $85,000, a level that could act as strong support.
In the past, large CME gaps have been filled, though not always immediately. During Bitcoin’s 2021 bull run, similar gaps were left open until the subsequent bear market.
This suggests that if Bitcoin maintains its rally, the $10,000 gap may remain unfilled for months or even years.
