Bitcoin Fills CME Futures Gap Again As BTC Price Drops To $76,700
Another unfilled gap has opened in CME futures in the range from $84,200 to $85,900.
James Van Straten | Edited by Parikshit Mishra , 11 Mar 2025 11:02 UTC
Basic information:
- Gaps in CME Bitcoin futures occur due to limited trading hours, unlike spot markets that operate 24 hours a day.
- After the market plunge on Monday, Bitcoin officially closed the CME gap at around $77,930.
- The remaining unfilled CME gap is between $84,200 and $85,900.
On Monday, the price of Bitcoin (BTC) on CME futures fell to a low of around $76,700, closing the gap that opened on November 5 when President Trump won the US election.
In late February, Bitcoin (BTC) temporarily dropped to around $78,500, partially closing the gap as its low was $77,400. However, as CME futures only fell to $78,500 at the time, the gap remained partially open. After falling to $76,700 on Monday, the gap in the range from $77,930 to $80,600 is now completely closed.
For reference, CME Bitcoin futures trade 23 hours a day from Sunday to Friday, while Bitcoin spot markets operate 24 hours a day. Gaps occur when there is a difference between the closing price of a futures market and the opening price the following day, caused by a lack of trading activity during non-trading hours.
A CoinDesk study found that of the previous 80 CME futures gaps, all but one were eventually closed. Of the remaining gaps, one still exists between $84,200 and $85,900.
