Bitcoin’s price soared above $90,000 over the weekend, marking a nearly 10% rally following U.S. President Donald Trump’s announcement of a planned U.S. crypto reserve that will include Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Cardano (ADA). The sharp price spike also triggered a significant CME futures gap in the cryptocurrency market.
CME Futures Gap Signals Market Volatility
According to data from the Chicago Mercantile Exchange (CME), Bitcoin’s surge from approximately $84,000 to $90,700 on March 2 left behind an untraded zone — commonly referred to as a futures gap — between market sessions. Futures gaps typically emerge when shifts in market sentiment cause sharp price movements, leaving zones without active trading.
On Monday, March 2, Bitcoin continued its upward momentum, reaching a new all-time high of $95,000, widening the CME futures gap to approximately $9,200. By press time, the gap narrowed to around $6,000 as price consolidation began.
Market Outlook and Gap Filling Pattern
Historically, futures gaps are often filled over time as orders accumulate within the empty zones. The previous CME gap — which measured $4,300 — appeared in November 2024 and was filled during last week’s crypto market sell-off.
Analysts suggest that Bitcoin’s current price trajectory could retrace to $84,000 as the market consolidates within the gap. Additionally, BTC/USDT open interest on Binance traded at $72,830 — nearly $18,000 below both spot and futures prices — signaling the potential for further downside pressure.
Crypto Reserve Sparks Institutional Interest
The U.S. government’s plan to create a national crypto reserve has sparked renewed institutional interest in digital assets. The reserve is expected to hold multiple cryptocurrencies as part of a broader effort to integrate blockchain technologies into the financial system.
Market participants are now closely watching for further regulatory developments, with Bitcoin’s price expected to remain volatile in the near term.
