BTC Price Drops to $76,700, Filling Yet Another CME Futures Gap

Bitcoin Falls to $76,700, Completing Key CME Futures Gap

Bitcoin (BTC) has officially closed another CME futures gap after dropping to a low of $76,700 on Monday. This move fully fills the gap left open on Nov. 5, the day President Trump won the U.S. election.

Previously, in late February, BTC briefly dipped to $78,500, partially addressing the gap, which had a lower boundary of $77,400. However, since CME futures only fell to $78,500 at that time, a portion remained unfilled. With Monday’s decline to $76,700, the full range of the gap—from $77,930 to $80,600—has now been closed.

CME bitcoin futures operate on a limited schedule, trading 23 hours a day from Sunday through Friday, unlike spot bitcoin markets, which trade 24/7. This difference often leads to price gaps when the futures market reopens at a different level than it last closed.

Historical data from CoinDesk indicates that nearly all of the last 80 CME futures gaps have eventually been filled, with only one remaining open. Another unfilled gap between $84,200 and $85,900 continues to stand out, potentially providing insight into future BTC price action.

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