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Bitcoin CME Futures Hit All-Time High Gap: Rebound Pressure Emerging?

By: blockbeats|2025/03/03 16:30:04
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Original Article Title: "Bitcoin CME Futures Sets $10,000 All-Time High Gap, Facing Rebound Pressure?"
Original Article Author: Arthur Wang, BlockTempo

U.S. President Trump announced last night that he would advance a cryptocurrency strategic reserve plan that includes assets other than BTC, such as SOL, XRP, ADA, and ETH. This news caused a significant turmoil in the Bitcoin market, leading to the largest-ever gap in CME Bitcoin Futures, exceeding $10,000.

According to TradingView data, after Trump's announcement, over $300 billion flooded into the spot market, driving the Bitcoin price from $85,000 to nearly $95,000 within hours and causing a massive $10,000 gap in CME futures. This record far surpassed the previous high of $4,000 in August 2024.

Cryptocurrency analyst Joe McCann pointed out:

· This CME gap far exceeds previous records and may become a key technical indicator for future price corrections.

Bitcoin CME Futures Hit All-Time High Gap: Rebound Pressure Emerging?

Why is the Bitcoin CME Futures Gap Important?

The CME Futures gap refers to a situation where the Bitcoin market continues to trade after the Chicago Mercantile Exchange (CME) closes on Friday, causing a price difference when trading resumes on Sunday open (Monday 7 a.m. Beijing time) compared to the Friday closing price.

Traders generally believe that these gaps have the opportunity to be "filled," meaning the Bitcoin price may fall back to test the $85,000 range. Analyst Rekt Capital stated:

· Bitcoin successfully filled two CME gaps within a week.

· However, during this process, Bitcoin also created a massive new CME gap between $84,650 and $94,000.

However, based on past market cycles, such large-scale gaps may take several months to fill and will not happen overnight. Cryptocurrency KOL Sommi also noted:

In the 2021 bull market cycle, two significant CME gaps appeared, which were not filled until the bear market.

Altcoin Reserve in Sight?

On the other hand, Trump hinted at a decision regarding an altcoin reserve other than Bitcoin, sparking mixed reactions in the market. Many Bitcoin supporters believe that the strategic reserve should focus on Bitcoin alone and not include other cryptocurrencies.

Casa CEO Nick Neuman further emphasized:

· The only cryptocurrency that is rationally suitable for a national reserve is Bitcoin, a digitally scarce asset, especially those coins with no utility should not be considered at all.

Some market observers believe that this reserve plan may ultimately revert to a "Bitcoin-first" strategy. Pierre Rochard, Vice President of Bitcoin mining company Riot Platforms, stated:

· Strategic cryptocurrency reserves will ultimately become holding only Bitcoin because the value of other altcoins will eventually approach zero.

White House to Hold First-Ever "Cryptocurrency Summit" on March 7

Trump will host the first-ever White House cryptocurrency summit on the 7th. Trump will deliver a speech at the summit, and attendees will include prominent founders, CEOs, and investors in the cryptocurrency industry, as well as members of the Presidential Working Group on Digital Assets.

The White House will hold its first "Cryptocurrency Summit" on March 7, hosted by White House AI and Crypto Czar David Sacks, and administratively managed by the Executive Director of the Presidential Working Group on Digital Assets, Bo Hines, potentially offering further explanations on the reserve plan.

Original Article Link

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