Bitcoin futures’ $10K CME gap: Will BTC revisit $85K before moving to…

• Bitcoin futures recorded the largest-ever CME gap, signaling potential volatility following a major price move
• The $10,000 CME gap raises questions: Will Bitcoin fill it or continue its upward momentum?

Bitcoin [BTC] futures market just recorded its largest-ever CME gap, a consequence of the massive price movement following U.S. President Donald Trump’s unexpected announcement of a national crypto reserve.

The gap, exceeding $10,000, highlights heightened volatility and raises critical questions about Bitcoin’s next move.

Historically, CME gaps have acted as key price levels, but with BTC surging past $95,000, will this time be different?

Bitcoin futures: Why do CME gaps matter?

CME Bitcoin futures gaps occur when the futures market closes for the weekend while spot markets remain open, leading to a price discrepancy when trading resumes.

These gaps often serve as psychological levels for traders, with past market cycles showing a tendency for Bitcoin to revisit them.

Source: X

The latest gap, formed between $84,650 and $94,000, is unprecedented. For comparison, the previous record in August 2024 stood at just over $4,000.

Bitcoin futures market watchers are now debating whether it will retrace to fill this void or continue its upward trajectory.

Bitcoin’s surge and key levels

Bitcoin initially traded around $85,000 before surging to $94,480 on the 2nd of March, largely driven by Trump’s announcement of a U.S. crypto reserve, along with growing institutional interest. This sharp price movement created a $10,000 Bitcoin futures CME gap, the largest on record.

Source: TradingView

At press time, BTC was trading at $91,963, down 2.50% in the last 24 hours. The RSI sits at 47.04, reflecting neutral momentum after recent volatility.

Meanwhile, the OBV was at -92.19K, suggesting that buying pressure has not fully recovered despite the rally.

Bitcoin remains above $90,000, a crucial psychological level. If selling pressure increases, BTC could decline toward $85,000, a level that may act as strong support. However, if momentum holds, a retest of the $94,000-$95,000 resistance could signal further upside.

Historically, large CME gaps have been filled, though not always immediately. During Bitcoin’s 2021 bull run, similar gaps were left open until the subsequent bear market.

This raises the possibility that if Bitcoin sustains its rally, the $10,000 gap may remain unfilled for months or even years.

Altcoin momentum and Bitcoin dominance shift

Bitcoin’s dominance stands at 61.13%, up 1.20% in the last 24 hours, reflecting a rebound from recent lows. Despite a temporary dip to 60.28%, BTC dominance has remained above 60%, signaling that Bitcoin continues to command a strong share of the market.

Source: TradingView

However, the broader trend shows that altcoins are gaining traction. This shift aligns with recent developments, including the rise of altcoin ETFs and increased institutional interest in alternative crypto assets.

Bitcoin dominance peaked near 63.5% in February before declining, indicating capital rotation into higher-risk assets – a common occurrence during bullish market phases. If BTC dominance continues to drop, it could fuel a stronger rally for altcoins, particularly in sectors like DeFi and AI-driven crypto projects.

What’s next for Bitcoin?

Bitcoin’s price trajectory in the coming weeks will be pivotal in determining whether the CME gap at $85,000 will be filled. The $94,000-$95,000 range stands as a key resistance zone – breaking above it could signal a continuation of the rally.

Meanwhile, $90,000 serves as a crucial short-term support level, keeping bullish momentum intact.

If selling pressure mounts, Bitcoin could decline toward $85,000, which may act as strong support. Institutional sentiment, particularly following Trump’s pro-crypto stance, could influence whether Bitcoin sustains levels above $90,000 or experiences a pullback.

Whether Bitcoin defies historical patterns or fills its largest-ever CME gap remains a central question. A decisive move in either direction could set the tone for the next phase of the market.