Bitcoin futures on the Chicago Mercantile Exchange have recorded a $10,350 price gap

Bitcoin futures on the Chicago Mercantile Exchange have recorded a $10,350 price gap, the largest CME Bitcoin futures gap in the exchange's history.

The world of finance is full of interesting phenomena, and one that has recently caught the attention of traders is the huge price gap that formed on the Chicago Mercantile Exchange (CME) for Bitcoin futures.

As Mar. 2 data from TradingView shows, the CME Bitcoin (BTC) futures closed at $84,650 in the previous session and opened at $95,000 in the next, making a gap of $10,350. This is the biggest CME Bitcoin futures gap in the exchange’s history, easily outpacing the previous record of just over $4,000, which occurred in August 2024.

A CME gap happens because Bitcoin trades 24/7 on global crypto markets, while CME futures take a break on weekends. When Bitcoin's price changes a lot during this time, there's a gap between Friday's closing price and Sunday evening's opening price.

Traders follow these gaps because Bitcoin tends to "fill" them later on, usually returning to the gap level before continuing in either direction. This is due to liquidity imbalances, as institutional traders prefer placing orders around untraded price zones.

The latest gap came after Bitcoin shot up from $85,000 to nearly $95,000 following President Trump’s announcement of a U.S. Crypto Strategic Reserve on March 2. The news brought over $300 billion into spot markets, boosting Bitcoin and altcoins.

In doing so, Bitcoin already filled a previous gap between $92,800 and $94,000, but it created a much larger one between $84,650 and $94,000. Many traders believe that, while it may take weeks or even months, Bitcoin will eventually return to these levels.

According to historical stats, large gaps usually do fill, but the timing is unpredictable. During the 2021 bull market, some gaps only closed in the subsequent bear market. As Bitcoin is still in an uptrend, traders will be watching to see if the market fills this gap by correcting.