Bitcoin Futures Market Sees Historical Price Gap Filled

According to Odaily, a historical price gap in the Bitcoin (BTC) CME futures market was completely filled on Tuesday afternoon in Asia, as BTC prices fell back to $83,500, marking a reversal of Monday's gains. On Monday, BTC surged to $92,000, driven by U.S. President Donald Trump's announcement of a strategic crypto reserve plan. The gap emerged between Friday's closing price of $84,500 and Monday's opening price of $95,300. Typically, gaps in the CME futures market are filled by price movements, often indicating a market correction. In the past 24 hours, over $900 million in crypto futures long positions were liquidated, with losses exceeding $1.5 billion over three days. Nearly $400 million in Bitcoin long positions were cleared in the last 24 hours, primarily during the transition between U.S. and Asian trading sessions. However, attention is also on another gap below $80,000 in the CME futures, formed three months ago when Bitcoin first surpassed $81,000 following Trump's election as president.