Bitcoin Sets Records, CME’s Largest Gap in History After Trump Announces Crypto Reserve!

Jakarta, Pintu News – The cryptocurrency market was again surprised by a huge surge in Bitcoin BTC0.50%->Current BTC PriceRp 1.392.460.3200.50%Market CapRp 33.034 TriliunTrading VolumeRp 1.590 TriliunCirculating SupplyRp 19.797.675 after US President Donald Trump announced the establishment of the Crypto Strategic Reserve on March 2, 2025.

This decision immediately triggered a surge of more than 4,929 trillion IDR ($300 billion) in the spot market, opening the largest gap in CME Bitcoin futures history of 164.3 million IDR ($10,000). This record beats the gap of 65.7 million IDR ($4,000) in August 2024.

After the announcement, Bitcoin’s price jumped from around 1.39 billion IDR ($85,000) to almost 1.55 billion IDR ($95,000). With high volatility and market dominance falling below 50%, analysts are now speculating whether Bitcoin will close the gap again or continue to surge higher.

Check out the full news below!

Record Largest CME Gap in Bitcoin Futures History

The CME Bitcoin futures gap occurs when there is a price difference between the close of trading on Friday and the reopening on Sunday evening on the Chicago Mercantile Exchange (CME). This price gap often forms since the crypto market operates 24/7 while the CME closes on weekends.

These gaps are important to traders because they often serve as support or resistance levels, which can influence future price movements. Many analysts believe these gaps tend to close over time, although it could take months as it did in the 2021 bull run cycle.

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The sharp rise in Bitcoin price after Trump’s announcement immediately created a gap of 164.3 million IDR ($10,000) between 1.39 billion IDR ($84,650) and 1.55 billion IDR ($94,000).

Some analysts, such as Rekt Capital, confirm that Bitcoin has filled the old gap between 1.52 billion IDR ($92,800) and 1.55 billion IDR ($94,000) but has also created a new, larger gap.

According to Joe McCann, founder of Asymmetric, this gap is the largest in the history of CME Bitcoin futures, far surpassing the previous record of only 65.7 million IDR ($4,000) in August 2024. This indicates an unprecedented level of volatility in the cryptocurrency market.

Can Bitcoin Return to Rp1.39 Billion? Trader’s Prediction

Some traders believe the Bitcoin price will eventually return to the 1.39 billion IDR ($85,000) level to fill the newly formed gap.

However, history shows that this can take a long time, as seen in the 2021 bull run cycle, during which large gaps were only filled when the market entered a bear market phase.

According to Sommi, a crypto analyst at platform X (Twitter), two large gaps were only filled months after the price peaked in the previous bull cycle. This means that while the possibility of Bitcoin price dropping again exists, it won’t happen anytime soon.

Also read: US Crypto Reserve Strategy: Is Bitcoin (BTC) the Best Choice?

On the other hand, some analysts are optimistic that Bitcoin could continue to rise without returning to the gap level. If the adoption of crypto reserves in the US gets stronger and institutional demand increases, Bitcoin could break 1.64 billion IDR($100,000) before finally experiencing a major correction.

Bitcoin’s decline in dominance from 55.4% to below 50% also suggests that altcoins are gaining ground, which could further shift market dynamics and increase volatility.

Conclusion

The CME Bitcoin futures record gap of 164.3 million IDR ($10,000) following Donald Trump’s announcement of the Crypto Reserve marked a historic moment in the cryptocurrency world.

The rapid price surge and the formation of a large gap has led to speculation as to whether Bitcoin will drop back down to 1.39 billion IDR ($85,000) to close the gap or continue to soar to 1.64 billion IDR ($100,000).

Traders are now waiting for further developments. Some believe that the gap will be filled in the next few months, while others see further upside potential before a major correction.

With market volatility increasing and crypto adoption becoming more widespread, Bitcoin’s movement in the next few weeks will be one of the most anticipated in crypto history.

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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

• Cointelegraph. Largest ever CME gap has just been printed in Bitcoin futures. Accessed March 4, 2025.
• Featured Image: Generated by Ai