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- CME saw a historic $10,000 Bitcoin futures gap following Trump’s crypto reserve announcement, surpassing the previous $4,000 record.
- BTC jumped from $85,000 to nearly $95,000 within hours, injecting over $300 billion into spot markets.
- Bitcoin’s dominance dropped below 50% as traders shifted funds into altcoins amid heightened market volatility.
The Chicago Mercantile Exchange (CME) has witnessed its largest-ever Bitcoin futures gap, triggered by former U.S. President Donald Trump’s groundbreaking announcement of a crypto strategic reserve on March 2. This seismic event in the crypto space injected over $300 billion into spot markets, leading to an unprecedented $10,000 CME Bitcoin futures gap, according to TradingView.
Before this, the largest CME Bitcoin futures gap was recorded at just over $4,000 in August 2024. Asymmetric founder Joe McCann highlighted the significance of this latest market movement, which saw BTC soar from around $85,000 to just under $95,000 in hours. The sharp rally came in response to Trump’s declaration that the U.S. crypto reserve would hold Bitcoin (BTC) alongside other digital assets.
Renowned analyst Rekt Capital pointed out that Bitcoin had officially filled its prior CME gap between $92,800 and $94,000, which was created when spot markets dipped the previous week. However, in closing this gap, Bitcoin has formed an even larger one, from approximately $84,650 to $94,000.
CME Gaps and Their Market Impact
CME Bitcoin futures gaps emerge due to the difference between the Friday closing price and the Sunday reopening price. Unlike traditional financial markets that pause for the weekend, crypto markets operate 24/7. This discrepancy often leads to visible price gaps on CME’s BTC futures charts, making them a key area of focus for traders.
Historically, traders have observed that these gaps get filled over time, meaning Bitcoin’s price often revisits the gap level at some point. However, as past cycles have demonstrated, this can take months or even years. Crypto YouTuber Sommi drew parallels to the 2021 bull cycle, where significant gaps remained unfilled until the subsequent bear market.
Altcoins Gain as Bitcoin Dominance Slips
As Bitcoin experienced volatile price movements, its dominance in the market fell from 55.4% to below 50%. This shift indicates that traders are diversifying into altcoins, and many posted strong gains amid the broader market rally.
The record-breaking BTC futures gap underscores the growing influence of institutional trading on Bitcoin’s price action. With Trump’s crypto reserve proposal in the spotlight, the market’s next moves could set the stage for a new BTC adoption and regulation era.
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