As CME's futures market closed on Friday, the bitcoin (BTC) derivatives were priced at $84,445 on the exchange. When trading resumed Sunday evening, they opened at $77,385 reflecting the largest cryptocurrency's spot-market slide to as low as $75,000 on Saturday. This price discrepancy created a gap in the CME bitcoin futures pricing. A CME gap is the difference between the futures price at closing time and the price when the exchange next opens. Because, unlike spot BTC, the futures do not trade 24/7, s ...

Market Overview - The broader cryptocurrency market is experiencing selling pressure, with Bitcoin price dropping 3% and falling below $90,000, contributing to over $450 million in liquidations on January 8 [1][2] - Major altcoins such as Ethereum, BNB, XRP, and Solana have seen declines between 4-8% [1] Market Capitalization and Trends - The total cryptocurrency market capitalization has decreased by approximately $97 billion in the last 24 hours, now around $3.08 trillion, indicating profit-taking behavior among traders [3] - If the selling pressure continues, the market may retest the support zone at $3.05 trillion [3] Sentiment Analysis - The Crypto Fear and Greed Index has dropped by 14 points in the last 24 hours, currently at 28, indicating a shift to the "fear" zone and reflecting increased volatility and weakening social sentiment [4] Bitcoin Price Dynamics - Bitcoin is trading under selling pressure, finding technical support near the $88,000 level, with a significant buy wall present [5] - Following the drop below $90,000, analysts suggest that Bitcoin may fill its next CME gap at $88,000 in the near term [5] Institutional Investment Trends - Spot Bitcoin ETFs are facing significant outflows, with $486 million withdrawn on January 7, led by Fidelity's FBTC with $247 million and BlackRock's IBIT with $130 million, indicating waning institutional sentiment [6]

Market Trend - BTC likely to stabilize and consolidate around the current price level [1] - Expecting a potential test at the $85500 area to close the CME gap [1] - Targetting the 20-Day MA at $95000 [1]

Market Trend - Bitcoin has bounced back, increasing nearly 10% from its lows [1] - The industry anticipates a potential red Monday towards the CME gap at $85200, before a rise to $90000-$96000 [1] Price Prediction - The market expects Bitcoin to find a new base between $90000 and $96000 [1]

It's quite clear that #Bitcoin closes the CME gap today.Question is; where are we?Well, if we look at data, then, the fear & greed index can give an impression of the current state of the market comparable to previous occassions.The fear & greed index is 14 out of 100.The last times this occurred; February 2025 (-20% month for $BTC, massacre on the markets) and June 2022, the low during Luna crash.That represents exactly what we're currently seeing on the markets.What it also says; these times don't last fo ...

Core Insights - Bitcoin's recent decline below $100,000 has sparked discussions among traders regarding potential support levels and future price movements [2] - Analysts are divided on whether the market will see a final shakeout before recovery or a deeper decline, with key levels identified around $92,000 and $77,000 [4][8] Market Dynamics - The $92,000 range is viewed as a critical support level, with the potential for a retest due to an unfilled CME gap, which may need to be addressed before any upward trend can resume [2][4] - The recent drop has already caused panic and liquidations, indicating a sensitive market psychology that could be tested further if prices decline [4] Historical Context - Bitcoin's previous rally began from a similar price level in April 2025, suggesting that historical support may play a role in current market behavior [5] - Some traders had anticipated a correction, with scenarios outlined for potential price movements, including a bounce from $104,000 or a deeper drop [5] Liquidity Considerations - Bitcoin has not yet reached $98,000, leaving liquidity zones below that level untested, which could either support a price reversal or indicate further downside [6] - A significant liquidity cluster around $108,633 could lead to increased volatility if Bitcoin rebounds, as sellers may defend this level [6][8] Market Cycle Theory - The optimism surrounding "Uptober" and a potential November rally is based on market cycle theory, which posits that crypto markets operate in four-year phases; however, this theory is facing challenges as market dynamics evolve [7][8]

CME Gaps and Crypto Market Dynamics - Weekend crypto pumps often create CME gaps, with a 65-90% chance of prices falling to fill them [1][13][19][33] - Derivatives markets, estimated to be 4-5 times larger than spot markets, significantly influence crypto prices [4] - CME gaps occur when crypto prices move significantly above or below the last CME futures contract price while the CME is closed [12][14][15] - Bitcoin leads the market, so Bitcoin CME gaps have the most significant impact [13][33] - Bitcoin CME gaps typically fill within 2 weeks, with 80% filling within 30 days [17][36] Institutional Trading and CME Gaps - Institutional investors use basis trades (buying spot Bitcoin ETFs and shorting Bitcoin on the CME) to profit from price discrepancies [21][22] - CME gaps are filled due to institutional trading strategies that realign spot prices with futures prices [23][24] - CME gaps highlight that crypto spot markets may not be as liquid as advertised [26][27] CME's Response and Future Outlook - The CME will introduce 24/7 futures trading in early 2026 to reduce volatility caused by CME gaps [29][30][32] - CME gaps increase volatility in the crypto market, which is undesirable for both traders/investors and institutions [31][32] - Trading CME gaps can be a profitable strategy with proper position sizing, low leverage, and patience [34][42]

The huge CME gap is filled nowLet’s hope for a bounce from here https://t.co/79dnjcMaaE ...

The CME gap from this week’s opening has been partially filled.A bounce is likely once the gap has fully closed. https://t.co/8HfRZBDxZi ...

Bitcoin opened the week with a small CME gap at $107k areaPrice could test this area and fill the gap before taking another leg up https://t.co/U104FjwFWd ...