Bitcoin’s (BTC) price on CME futures dropped to a low of around $76,700 on Monday, officially filling the CME futures gap that was created on Nov. 5, when President Trump won the U.S. election.
At the end of February, bitcoin (BTC) briefly fell to approximately $78,500, partially filling the gap, as the lowest point of the gap was $77,400. However, since CME futures only dropped to around $78,500 at that time, the gap remained partially open. With Monday’s decline to $76,700, the gap—ranging from $77,930 to $80,600—has now been fully closed.
For context, CME bitcoin futures trade 23 hours a day, from Sunday through Friday, whereas bitcoin spot markets trade 24/7. Gaps occur when there is a difference between the futures market closing price and the opening price for the next day due to the absence of trading activity during off-hours.
CoinDesk research noted that out of the previous 80 CME futures gaps, all but one have eventually been filled. As for remaining gaps, one still exists between $84,200 and $85,900.
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
What to Know: Bitcoin ETFs demonstrated strength during the recent crash, absorbing sell pressure while…
Data shows calls for sub-$60,000 Bitcoin prices have seen a rise on social media recently,…
What to Know: Bitcoin’s correction to $70,000 triggered a $775M liquidation cascade, flushing out over-leveraged…
What to Know: Corporate Bitcoin proxies and Strategy bets have suffered 60% drawdowns due to…
TRX has outperformed much of the crypto market this year, slipping only about 1.3% versus…
What to Know: Bitcoin’s 2026 outlook targets the $180K-$200K range, contingent on sovereign adoption and…