Share this article
Bitcoin Fills Yet Another CME Futures Gap as BTC Price Dropped to $76,700
Another unfilled CME futures gap occurs between $84,200 and $85,900.
Mar 11, 2025, 11:02 a.m.
What to know:
- CME Bitcoin futures gaps occur due to limited trading hours, unlike bitcoin spot markets, which operate 24/7.
- Monday's market drop saw bitcoin officially fill the CME gap at around $77,930.
- A final unfilled CME gap remains between $84,200 and $85,900.
Bitcoin's (BTC) price on CME futures dropped to a low of around $76,700 on Monday, officially filling the CME futures gap that was created on Nov. 5, when President Trump won the U.S. election.
At the end of February, bitcoin (BTC) briefly fell to approximately $78,500, partially filling the gap, as the lowest point of the gap was $77,400. However, since CME futures only dropped to around $78,500 at that time, the gap remained partially open. With Monday's decline to $76,700, the gap—ranging from $77,930 to $80,600—has now been fully closed.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
For context, CME bitcoin futures trade 23 hours a day, from Sunday through Friday, whereas bitcoin spot markets trade 24/7. Gaps occur when there is a difference between the futures market closing price and the opening price for the next day due to the absence of trading activity during off-hours.
CoinDesk research noted that out of the previous 80 CME futures gaps, all but one have eventually been filled. As for remaining gaps, one still exists between $84,200 and $85,900.
More For You
Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch
When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.
What to know:
- Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
- Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
- Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.
Top Stories
