Largest ever CME gap has just printed in Bitcoin futures
The Chicago Mercantile Exchange has recorded its largest-ever Bitcoin futures gap following US President Donald Trump’s announcement of a crypto strategic reserve on March 2.
More than $300 billion was added to spot markets after the announcement, opening a $10,000 CME Bitcoin futures gap, according to TradingView.
This record gap eclipses the previous record of just over $4,000 in August 2024, observed Asymmetric founder Joe McCann on March 2.
Bitcoin (BTC) surged from around $85,000 to just under $95,000 on March 2 as Trump said a US crypto reserve would hold BTC and other crypto assets.
CME futures gaps. Source: Joe McCann
“Bitcoin has officially filled its CME Gap between $92,800 and $94,000,” observed analyst Rekt Capital, referring to the gap that opened last week when spot markets tanked.
It has managed to fill two CME gaps in one week, he said before adding, “But in doing so, Bitcoin has also created a massive brand new CME Gap somewhere between $84,650 and $94,000.”
The CME Bitcoin futures gap refers to price differences that occur between the close of CME Bitcoin futures trading on Friday and the reopening on Sunday evening.
The gaps arise from the fact that crypto markets are open on weekends, whereas traditional markets, such as the CME, are closed. These gaps are frequently observed by traders because they may serve as support or resistance levels in the future.
Related: CME Group reports record crypto volumes for Q4
Many traders also believe these gaps tend to eventually be filled, meaning that the price will return to the gap level, in this case, around the $85,000 level. However, this can take several months, as seen in previous market cycles.
“In the previous 2021 bull cycle, we had two big gaps that only came back to get filled in the bear market,” observed crypto YouTuber “Sommi” on X.
Meanwhile, Bitcoin dominance slipped from 55.4% to below 50%, as other altcoins clocked gains.
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