CME Records Largest Bitcoin Futures Gap After Trump's Crypto Reserve Announcement

According to Cointelegraph, the Chicago Mercantile Exchange (CME) has experienced its largest-ever Bitcoin futures gap following U.S. President Donald Trump's announcement of a strategic crypto reserve on March 2. This development led to a significant influx of over $300 billion into spot markets, resulting in a $10,000 gap in CME Bitcoin futures, as reported by TradingView. This unprecedented gap surpasses the previous record of just over $4,000 set in August 2024, as noted by Asymmetric founder Joe McCann on March 2. Bitcoin's value surged from approximately $85,000 to just under $95,000 following Trump's declaration that the U.S. crypto reserve would include Bitcoin and other digital assets. Analyst Rekt Capital highlighted that Bitcoin has successfully filled its CME Gap between $92,800 and $94,000, referring to the gap that emerged last week when spot markets declined. However, in the process, Bitcoin has also created a new substantial CME Gap ranging between $84,650 and $94,000. The CME Bitcoin futures gap is a phenomenon that occurs due to the difference in trading hours between crypto markets, which operate continuously over the weekend, and traditional markets like the CME, which close on Fridays and reopen on Sunday evenings. These gaps are closely monitored by traders as they can act as potential support or resistance levels in future trading sessions. Traders often believe that these gaps will eventually be filled, meaning the price will return to the gap level, which in this instance is around $85,000. However, this process can take several months, as evidenced by previous market cycles. Crypto YouTuber "Sommi" noted that during the 2021 bull cycle, two significant gaps were only filled during the subsequent bear market. In the meantime, Bitcoin's market dominance has decreased from 55.4% to below 50%, as other altcoins have recorded gains, reflecting a shift in market dynamics.