Another CME Gap Forms After Bitcoin’s Weekend Surge, Hinting at a Possible Pullback

Past trends indicate that the CME gap in the $84,000–$85,000 range has a high probability of being filled.

Over the weekend, Bitcoin (BTC) surged to a high of $87,800 by Monday, creating a fresh gap between CME futures’ closing price on Friday and the start of the new trading week.

CME futures ended last week at $84,190 and opened around $85,160, nearly $1,000 higher. This discrepancy increases the likelihood of a short-term pullback, as Bitcoin has historically tended to fill CME futures gaps.

A similar event occurred in mid-March when Bitcoin closed the gap left from the November rally following Donald Trump’s election victory. That gap was fully filled as BTC dropped to $76,700.

These gaps emerge because the spot Bitcoin market trades 24/7, while CME futures operate on a 23-hour daily schedule from Sunday to Friday. Large price movements during CME’s off-hours result in gaps between the previous session’s close and the next session’s open.

Given Bitcoin’s history of filling such gaps, there is a strong possibility that the price will revisit the $84,000–$85,000 range in the near future.