Bitcoin traders are monitoring the latest CME futures gap between Friday’s close at $104,160 and Sunday’s open at $110,370.
This six-thousand-dollar “missing” price action often attracts short-term moves. With Bitcoin near $105,900, focus is on whether the market will fill the gap or climb away from it.
When CME Bitcoin futures close on Friday, trading pauses until Sunday evening.
If Bitcoin moves sharply during this break, a chart gap appears between the last trade and the new open. Traders watch these gaps, viewing them as key indicators of price action. Over two-thirds of CME gaps since 2022 have closed within 48 hours.
The latest gap appeared as spot prices rallied over the weekend, spurred by improving sentiment in risk assets. Washington’s progress on ending the government shutdown reduced fiscal uncertainty, helping equities, crypto, and gold rebound.
The dollar weakened in early European trade, while Treasury yields eased, conditions that boost risk exposure.
On charts, the CME gap band runs from $104,160 to $110,370, placing the current spot roughly halfway inside it. A quick move through the lower edge could finish the “fill,” a term traders use when spot retraces into the gap’s empty zone and trades back across it.
Alternatively, if buyers defend current levels and momentum persists above $106,000, the space could remain open for a while.
Intraday setups revolve around that range. A decisive move below $104,000 could trigger short-term unwind pressure toward $102,000-$103,000, where liquidity is more pronounced on Coinbase order books.
Holding above $106,000-$107,000, on the other hand, would signal resilience and may realign futures with spot without a deep retrace.
For context, the CME has recorded four material weekend gaps since late summer. Three closed within 24-48 hours; one, from early September, stayed open for more than a week before eventually filling. These episodes tend to compress volatility temporarily before resuming the prior trend.
As the US market open nears, traders are watching whether the shutdown resolution and broader risk-on tone provide enough momentum to keep Bitcoin from revisiting the full $104k-$110k range, or if the futures magnet pulls it back once again.