Bitcoin Dips to $76,700, Completing a Long-Standing CME Futures Gap
Bitcoin (BTC) has once again filled a key CME futures gap, with prices falling to $76,700 on Monday. This drop fully closes the gap that emerged on Nov. 5, the day President Trump won the U.S. election.
In late February, BTC attempted to close this gap when it briefly dropped to $78,500. However, since the gap’s lower boundary was $77,400, it remained partially unfilled. Monday’s deeper decline to $76,700 has now completely closed the gap, which ranged from $77,930 to $80,600.
CME bitcoin futures operate on a restricted schedule—trading 23 hours a day from Sunday through Friday—unlike the spot market, which runs 24/7. This difference often results in price gaps that traders watch closely, as historical trends suggest they tend to get filled sooner or later.
According to CoinDesk research, nearly all of the last 80 CME futures gaps have eventually been closed, with only one exception. Meanwhile, an unfilled gap between $84,200 and $85,900 remains open, sparking speculation over whether Bitcoin could revisit those levels in the near future.
