In a dramatic twist, CME Bitcoin futures slashed a record $10,000 gap immediately after Trump announced a U.S. crypto reserve on March 2. The unprecedented $10,000 price gap has fueled speculation about potential volatility, price corrections, and the role of institutional trading in BTC’s next move.
Bitcoin soared from $85,000 to nearly $95,000 after Trump’s reserve announcement, creating the largest CME gap ever.
According to TradingView data, more than $300 billion flooded into spot markets, causing an explosive rally that left a $10,000 gap in CME Bitcoin futures.
Crypto trader Joe McCann noted on March 2 that this massive gap dwarfs the previous record of $4,000 from August 2024.
The CME Bitcoin futures gap occurs due to the Chicago Mercantile Exchange closing for the weekend while the crypto market remains open 24/7.
- If BTC’s price moves significantly over the weekend, it creates a gap between Friday’s close and Sunday’s reopening price.
- Traders closely monitor these gaps, as they often act as key support or resistance levels.
- Historically, most CME gaps eventually get “filled” as BTC revisits those price levels.
This week, BTC filled two CME gaps but simultaneously created a new, massive one between $84,650 and $94,000, according to analyst Rekt Capital.
“Bitcoin has officially filled its CME gap between $92,800 and $94,000,” he noted, while warning that the new $10,000 gap could take months to resolve.
Will Bitcoin Drop Back to $85,000?
Many traders believe that CME gaps eventually get filled, meaning Bitcoin could revisit the $85,000 level in the coming months.
Crypto YouTuber Sommi pointed out that during the 2021 bull cycle, Bitcoin left two major gaps that were only filled during the bear market, suggesting that this new gap could take time to close.
Key Scenarios for Bitcoin’s Next Move:
- Immediate Continuation: If institutional demand remains strong, BTC could push above $95,000, leaving the gap open for a longer period.
- Short-Term Correction: Bitcoin could drop toward $85,000 to fill the gap before resuming its uptrend.
- Prolonged Gap: As in previous cycles, Bitcoin might not return to the $85,000 zone until a future bear market.
While Bitcoin made headlines with its record CME gap, its dominance in the market fell sharply, slipping from 55.4% to below 50% as traders rotated into altcoins.
This suggests that investors are diversifying beyond BTC, possibly chasing higher-risk, higher-reward opportunities in the altcoin market.
Final Takeaway
Bitcoin’s largest-ever CME gap is now in play, and traders will be closely watching whether BTC fills the gap at $85,000 or continues its bull run above $95,000.
With institutional money driving price action, the coming weeks could see extreme volatility, making this one of the most critical moments in Bitcoin’s price history.
The big question now: Will Bitcoin return to $85,000, or is this time different?
