Bitcoin traders are monitoring the difference between Friday’s closing price of $104,160 and Sunday’s opening price of $110,370 in the latest CME futures contract.
This $6,000 “missing” price trend often attracts short-term moves. Bitcoin is nearing $105,900, and all eyes are on whether the market will close the gap or climb out from there.
When CME Bitcoin futures close on Friday, trading will be suspended until Sunday evening.
If Bitcoin moves sharply during this break, a gap in the chart will appear between the last trade and the new open. Traders look at these gaps as important indicators of price movement. More than two-thirds of the post-2022 CME gap was closed within 48 hours.
The recent gap emerged as spot prices rose over the weekend, spurred by improved sentiment in risk assets. Progress in Washington toward lifting the government shutdown reduced fiscal uncertainty, contributing to the recovery in stocks, cryptocurrencies, and gold.
In the early stages of European trade, the dollar depreciated and US bond yields also fell, increasing risk exposure.
On the chart, the CME gap band ranges from $104,160 to $110,370, with the current spot sitting roughly in the middle. A quick pass through the bottom edge may complete the “fill.” This is the term traders use when they spot retrace into the open zone of a gap and trade across the gap.
Alternatively, if buyers defend current levels and momentum sustains above $106,000, the space could remain open for some time.
The daytime setup revolves around that range. A decisive move below $104,000 could trigger short-term unwinding pressure towards $102,000-103,000, where liquidity is more prominent in Coinbase’s order book.
On the other hand, if it sustains above $106,000-$107,000, it would indicate resilience and futures and spot could rebalance without a deep retrace.
For context, CME has recorded four significant weekend gaps since late summer. Three closed within 24 to 48 hours. One remained open for more than a week starting in early September until it was finally sold out. These episodes tend to temporarily compress volatility before returning to the previous trend.
As the U.S. market opens nearer, traders are watching to see whether the shutdown resolution and broad risk-on tone will provide enough momentum to prevent Bitcoin from falling back into the $104,000-$110,000 range, or whether the magnet in the futures market will pull Bitcoin back again.
(Tag translation) Bitcoin
