Bitcoin futures’ $10K CME gap: Will BTC revisit $85K before moving to…
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Bitcoin futures recorded the largest-ever CME gap, signaling potential volatility following a major price move The $10,000 CME gap raises questions: Will Bitcoin fill it or continue its upward momentum? Bitcoin [BTC] futures market just recorded its largest-ever CME gap, a consequence of the massive price movement following U.S. President Donald Trump’s unexpected announcement of a national crypto reserve. The gap, exceeding $10,000, highlights heightened volatility and raises critical questions about Bitcoin’s next move. Historically, CME gaps have acted as key price levels, but with BTC surging past $95,000, will this time be different? Bitcoin futures: Why do CME gaps matter? CME Bitcoin futures gaps occur when the futures market closes for the weekend while spot markets remain open, leading to a price discrepancy when trading resumes. These gaps often serve as psychological levels for traders, with past market cycles showing a tendency for Bitcoin to revisit them. Source: X The latest gap, formed between $84,650 and $94,000, is unprecedented. For comparison, the previous record in August 2024 stood at just over $4,000. Bitcoin futures market watchers are now debating whether it will retrace to fill this void or continue its upward trajectory. Bitcoin’s surge and key levels Bitcoin initially traded around $85,000 before surging to $94,480 on the 2nd of March, largely driven by Trump’s announcement of a U.S. crypto reserve, along with growing institutional interest. This sharp price movement created a $10,000 Bitcoin futures CME gap, the largest on record. Source: TradingView At press time, BTC was trading at $91,963, down 2.50% in the last 24 hours. The RSI sits at 47.04, reflecting neutral momentum after recent volatility. Meanwhile, the OBV was at -92.19K, suggesting that buying pressure has not fully recovered despite the rally. Bitcoin remains above $90,000, a crucial psychological level. If selling pressure increases, BTC…
Filed under: News - @ March 3, 2025 10:27 pm