Bitcoin Price Update

As spot Bitcoin (BTC) rose over the weekend, reaching $87,800 on Monday, a gap emerged between the CME futures’ closing price on Friday and the start of the new trading week.

The futures closed at $84,190 last week and opened around $1,000 higher at $85,160. This sets up a potential drop back, as Bitcoin has a tendency to fill these CME futures gaps.

By mid-March, Bitcoin had filled its most recent gap created during the November rally following President Donald Trump’s election victory, closing when Bitcoin dropped to $76,700 in mid-March.

These gaps arise because spot Bitcoin trades 24/7, while CME futures operate only 23 hours a day from Sunday to Friday. Significant price movements during off-hours create gaps between the previous close and the next open.

Historically, Bitcoin tends to retrace to fill such gaps, suggesting it could revisit the $84,000–$85,000 range soon.