BTC Falls to $76,700, Closing Another CME Futures Gap in the Process

Bitcoin Slips to $76,700, Closing Another CME Futures Gap

Bitcoin (BTC) has completed another CME futures gap after its price dropped to $76,700 on Monday. This decline fully fills the gap that was created on Nov. 5, the day President Trump won the U.S. election.

Back in late February, BTC briefly dipped to $78,500, partially closing the gap, which had a lower boundary of $77,400. However, because CME futures only dropped to $78,500 at that time, a portion of the gap remained unfilled. Monday’s slide to $76,700 has now fully covered the range between $77,930 and $80,600.

CME bitcoin futures trade on a restricted schedule—23 hours a day from Sunday through Friday—unlike the 24/7 spot market. This limited trading window often results in price gaps that traders monitor closely, as historical trends indicate they tend to get filled.

According to CoinDesk research, out of the last 80 CME futures gaps, all but one have eventually been closed. Meanwhile, another unfilled gap between $84,200 and $85,900 remains in play, keeping traders on the lookout for a potential move back to those levels.

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