Bitcoin fell to $84,000, filling the historical price gap of CME futures, and nearly $1 billion of long positions were forced to close

Odaily News A historic price gap in the Bitcoin (BTC) CME futures market was fully filled during the Asian afternoon session on Tuesday, with BTC prices retreating to $83,500, marking a pullback from Monday’s gains, which saw BTC surge to $92,000 on the back of U.S. President Trump’s announcement of plans to establish a strategic crypto reserve.
The gap occurred between Fridays close of $84,500 and Mondays open of $95,300, and typically gaps in the CME futures market are filled by prices, a phenomenon that often signals a market correction.
Over $900 million in long crypto futures positions were liquidated in the past 24 hours, with losses exceeding $1.5 billion in three days. Nearly $400 million in long Bitcoin positions were liquidated in the past 24 hours, primarily during the transition between U.S. and Asian trading sessions.
However, another gap in CME futures below $80,000 is also in focus, which formed three months ago. This gap appeared after Trump was elected president and Bitcoin price broke through $81,000 for the first time.