{"id":18758,"date":"2025-03-24T12:16:51","date_gmt":"2025-03-24T12:16:51","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=18758"},"modified":"2025-03-24T12:16:51","modified_gmt":"2025-03-24T12:16:51","slug":"bitcoins-weekend-surge-forms-another-cme-gap-signaling-possible-drop-back","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=18758","title":{"rendered":"Bitcoin&#8217;s Weekend Surge Forms Another CME Gap, Signaling Possible Drop Back"},"content":{"rendered":"<div>\n<p>As spot Bitcoin (<a href=\"https:\/\/www.coindesk.com\/price\/bitcoin\/\" target=\"_blank\">BTC<\/a>) pushed higher over the weekend reaching a high of $87,800 on Monday, another gap emerged between CME futures&#8217; closing price on Friday and the start of the new week&#8217;s trading.<\/p>\n<p>The futures closed at $84,190 at the end of the last week and opened about $1,000 higher at $85,160. That sets the stage for a drop back because bitcoin has developed a tendency to fill these CME futures gaps. <\/p>\n<p>As of mid-March, it had filled the most recent gap, which was created during the November rally following President Donald Trump\u2019s election victory. That gap was <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/03\/11\/bitcoin-fills-yet-another-cme-futures-gap-as-btc-price-dropped-to-usd76-700\" target=\"_blank\">fully closed<\/a> when bitcoin dropped to $76,700 in mid-March.<\/p>\n<p>The gaps occur because spot bitcoin trades 24\/7 while CME futures operate only 23 hours a day, Sunday through Friday. When there\u2019s a significant price movement during the CME\u2019s off-hours, a gap forms between the previous close and the next day\u2019s open.<\/p>\n<p><a href=\"https:\/\/www.coindesk.com\/daybook-us\/2025\/03\/04\/crypto-daybook-americas-carnage-in-btc-and-altcoins-may-be-a-warning-sign-for-equities\" target=\"_blank\">Historically<\/a>, bitcoin has often retraced to fill such gaps. Based on this pattern, it\u2019s likely that bitcoin could revisit the $84,000\u2013$85,000 range in the near term.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>As spot Bitcoin (BTC) pushed higher over the weekend reaching a high of $87,800 on Monday, another gap emerged between CME futures&#8217; closing price on Friday and the start of the new week&#8217;s trading. The futures closed at $84,190 at the end of the last week and opened about $1,000 higher at $85,160. That sets [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-18758","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18758","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18758"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18758\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}