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$BTC has an open CME gap around $88,100 from New Year’s Day, and it’s now creating another weekend CME gap as price continues to pump.
I see a lot of comments saying we must come back down to fill the CME. Yes, CME gaps tend to fill, and roughly 95% are filled within a week.
However, the most significant and bullish upside moves often begin with a weekend CME gap.
We saw this in September, when a weekend gap took 17 days to fill, during which BTC pumped from $110K to $127K. We’ve seen similar CME-driven rallies that took weeks or even months to fully fill.
I think we could see a similar setup playing out here.