Bitcoin futures on the Chicago Mercantile Exchange (CME) have hit a historic milestone, creating a gap of $10,350 — the largest in the exchange’s history.
On March 2, data from TradingView revealed that CME Bitcoin futures closed at $84,650 before opening the next session at $95,000, marking a massive $10,350 difference. This far surpasses the previous record set in August 2024, where a gap of just over $4,000 was recorded.
The gap emerged due to the weekend pause in CME futures trading, in contrast to the 24/7 activity of Bitcoin on global cryptocurrency markets. This temporary halt can lead to significant price differences when Bitcoin experiences notable fluctuations during the weekend. Traders often monitor these gaps, as Bitcoin has a historical tendency to “fill” them, meaning its price usually revisits the level of the gap before continuing in either direction. This phenomenon is attributed to liquidity imbalances, with institutional traders placing orders in untraded price zones.
The latest gap appeared after Bitcoin surged from $85,000 to nearly $95,000 following U.S. President Trump’s announcement of a U.S. Crypto Strategic Reserve on March 2. This news injected more than $300 billion into the spot markets, boosting Bitcoin and altcoins alike.
While Bitcoin has already filled a prior gap between $92,800 and $94,000, the new gap, created between $84,650 and $94,000, is drawing the attention of traders. Many believe that, though it could take weeks or even months, the price will eventually return to this gap level.
Historically, large gaps like this one tend to fill, though the timing remains uncertain. In the 2021 bull market, some gaps only closed during the subsequent bear market. While Bitcoin remains in an upward trend, traders are now closely watching to see if a price correction will occur, potentially closing the current gap.
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