The Chicago Mercantile Exchange recorded the largest-ever-ever Bitcoin futures space following the announcement of US President Donald Trump of a crypto strategic reserve on March 2.
More than $ 300 billion has been added to spot markets after announcement, opening a $ 10,000 CME Bitcoin Futures gap, According to In tradingview.
This record gap launched a previous note of more than $ 4,000 in August 2024, observing asymmetric founder Joe McCann on March 2.
Bitcoin (Btc) climb from nearly $ 85,000 to just under $ 95,000 on March 2 as Trump Says A US crypto reserve will hold BTC and other crypto assets.
CME futures gaps. Source: Joe McCann
“Bitcoin officially filled the CME gap between $ 92,800 and $ 94,000,” noticed Analyst Recting Capital, referring to the space that opened last week when the spot markets hit.
It is managed Fill two gaps of CME In a week, he said before adding, “But in doing so, Bitcoin also created a massive new CME brand somewhere between $ 84,650 and $ 94,000.”
CME Bitcoin Futures Gap refers to price differences taking place between the close of CME Bitcoin futures Trading on Friday and the opening again on Sunday night.
The gaps arise from the fact that crypto markets are open on the weekend, while traditional markets, such as CME, are closed. These gaps are often observed by merchants because they can serve as levels of support or resistance in the future.
Related: CME Group report recorded crypto volumes for Q4
Many merchants also believe that these gaps tend to be filled, meaning the price will return to the gap level, in this case, around $ 85,000 levels. However, it can take several months, as seen in previous market cycles.
“In the past 2021 Bull Cycle, we have two big gaps just back to fill in the bear market,” noticed Crypto YouTuber “Sommi” in X.
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