Bitcoin (BTC) Price Breaks $90,000, Opening Opportunities on CME Futures Market!

Jakarta, Pintu News – Bitcoin (BTC) recently recorded a dramatic price increase, breaking the $90,000 barrier and forming a gap in the CME futures market that caught the attention of market participants.

Check out the full analysis here!

Impact of the US Presidential Announcement

This increase in Bitcoin’s (BTC) value was triggered by President Donald Trump’s announcement regarding the United States plan to establish a national crypto reserve involving several leading cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA).

This announcement immediately pushed Bitcoin (BTC) ‘s price up from the $84,000 range to $90,700. As a result of this surge, a gap was created in the March futures market recorded on the CME, where there was a no-trade zone between sessions.

On Monday, March 2, the price of Bitcoin (BTC) briefly reached $95,000, widening the gap in CME futures to around $9,200. However, by publishing time, the gap had narrowed to around $6,000.

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Futures Gap Implications

Gaps in the future are often the result of changes in market sentiment and will usually be filled again as time passes and orders accumulate in the area. The previous recorded gap of $4,300 was filled during last week’s crypto price drop.

This suggests that although the market is showing a recovery, a price drop could still occur. Based on data from CME futures, there are indications that the price of Bitcoin (BTC) may return to the $84,000 level and consolidate within the existing gap.

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Market Analysis and Projections

Data from TradingView shows that the open interest for Bitcoin (BTC) on Binance in the Tether (USDT) pair is trading at $72,830. This means there is an $18,000 gap between the spot and futures prices, signaling an imbalance that could affect future price dynamics.

Investors and market analysts need to pay attention to gaps and how they interact with price movements in the spot market. This understanding is crucial for formulating effective investment strategies, especially in anticipating possible gap fills that may affect buy or sell decisions.

Conclusion

Following the US President’s announcement and the significant market response, Bitcoin (BTC) market participants need to remain vigilant and pay attention to futures gaps, which can provide important indications regarding the market’s next direction. Monitoring these gaps and understanding their implications is key to navigating the volatile crypto market.

Bitcoin (BTC) experienced a surge, forming a $6,000 gap on CME futures after the announcement of US crypto reserves.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto News. Bitcoin CME Futures Gap Widens by $6K. Accessed on March 5, 2025
• Featured Image: Generated by AI