What to know:

• The CME Bitcoin March futures opened higher by over $9K today.
• This gap has been observed following last week’s trading patterns.

Bitcoin’s spot price surged by 9.5% from approximately $84,100 to over $94,000 on Sunday. This followed the announcement by President Donald Trump, who identified Bitcoin along with four other cryptocurrencies—Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA)—as part of the U.S. strategic crypto reserve.

The March futures were priced at $95,000 upon opening, reflecting a steep increase of $9,280 from the prior Friday’s close at $85,720.

The existence of a gap illustrates a non-traded area, relevant to market shifts where trading did not occur during successive sessions, showcasing new bullish sentiment despite last week’s declines.

Typically, gaps are filled, indicating that market forces will seek to balance after significant price changes. In this case, it follows a prior sell-off that saw values dip below $80,000. The current gap between $84,000 and $94,000 hints that markets might return to this price range, represented by a restored balance.