An analysis has emerged stating that a Bitcoin CME gap has formed around $93,000, and this area is being discussed as a mid-term upward target price. On-chain analyst X-win Japan Research explained in a CryptoQuant contribution, "The CME gap is a frequently mentioned indicator in the Bitcoin market. CME Bitcoin futures are traded only on weekdays, while spot trading occurs 24 hours a day, leading to a price gap between Friday's closing price and Monday's opening price. Such gaps are interpreted not merely as technical patterns but as areas lacking liquidity and positions." They added, "Especially when the Open Interest (OI) is high, the price is more likely to move towards the CME gap direction during the liquidation process of leveraged positions. Currently, one gap has already been filled, and the next gap is located around $93,000. However, if spot demand does not support it, the market may experience a short-term decline to liquidate late-entering long positions. After the market stabilizes, there will be an attempt to rebound towards the upper gap. While there is no guarantee that CME gaps will always be filled, they can be seen as important market signals. They provide a key reference point for future price movements as an area where positioning, liquidity, and market sentiment intersect."
