The largest CME gap ever has been printed on Bitcoin Futures

Chicago Mercantile Exchange recorded the largest Bitcoin futures spread ever after US President Donald Trump announced a crypto-strategic reserve on March 2nd.  

After the announcement of the $10,000 CME Bitcoin, more than $300 billion were added to the spot market. futures gap, according TradingView. 

Joe McCann of Asymmetric, founder and CEO stated on March 2 that the current record surpasses previous records by just over $4,000. 

BitcoinBTCOn March 2, Trump’s approval ratings soared to almost $95,000. said A US crypto reserve will hold BTC as well as other crypto-assets. 

“Bitcoin has officially filled its CME Gap between $92,800 and $94,000,” observed Rekt Capital analyst, in reference to the gap which opened up last week after spot markets crashed. 

This has happened fill two CME gaps He said that he would be back in one week. “But in doing so, Bitcoin has also created a massive brand new CME Gap somewhere between $84,650 and $94,000.” 

CME Bitcoin Futures Gap refers to the price difference that occurs between CME Bitcoin futures and their close. Bitcoin futures The trading will take place on Friday with the Sunday night reopening.

This is because crypto markets remain open over the weekend, while traditional markets such as CME close. Traders are often observant of these gaps because they could serve as future support and resistance levels. 

Related: CME Group reports record crypto volumes for Q4

According to many traders, these gaps are eventually filled. This means that in the case of $85,000, the price would return to the gap. As seen in past market cycles, it can take several month for this to happen. 

“In the previous 2021 bull cycle, we had two big gaps that only came back to get filled in the bear market,” observed You Tube Crypto “Sommi” On X. 

Bitcoin’s dominance fell from 55.4%, to just below 50% as altcoins made gains.

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