Bitcoin retraces from $109,000 over the past 24 hours concluded a volatile week defined by the thin liquidity of the weekend and acute response to geopolitical stress.
Earlier on Friday, June 13th, the market closed the 1,490 cmme gap, closing on Friday (June 6) at $105,060 and opening on Sunday (June 8) at $106,550.
After slow profits for the majority of the week, BTC had fallen below $103,000 by June 12th and completed gap filling of the textbook with the 00:00 UTC candle on June 13th.
After Israel launched a targeted strike against Iran’s nuclear and military facilities, the gap was closed and sent shockwaves through the broader market. Oil surged over 10%, gold gathered, and crypto saw a long liquidation of over $1.1 billion.
Bitcoin, which had been drifting nearly $108,000 just a day ago, fell more than 5% within 24 hours, wiping out weekend premiums and triggering a return to CME closing on Friday.
Today’s movements see patterns that are being rolled out repeatedly across the Bitcoin derivatives market. The CME gap is almost always close. This was the sixth such gap of the year and the sixth.
Historical patterns continue to provide great value to traders who closely monitor the difference between Friday’s CME closing and Sunday’s opening.
CME gap closure rates are currently postponed annually at 100% (6 to 6), with an average filling time of 29.2 hours. However, the recent gap has been distinguished by the 98 hours of resolution, making it the longest gap filling of the year.
The previous gaps this year have mostly been resolved within a day, with many gaps within the first trading session after the weekend.
| Gap days | direction | size | Closed | Close time |
|---|---|---|---|---|
| May 4th | under | $1,225 | yes | 50 hours |
| May 11th | above | $1,045 | yes | 16 hours |
| May 18th | above | $330 | yes | 5.5 hours |
| May 25th | under | $830 | yes | 0.5 hours |
| June 1st | above | $775 | yes | 5 hours |
| June 8th | above | $1,490 | yes | 98 hours |
This week’s delay gap fill reflects the stretch conditions developed across the Bitcoin-powered market. Funding rates rose, open interest was at an all-time high, and an overwhelmingly dominant length across exchanges.
The accumulation of risks, especially over a small amount of weekend, has made Bitcoin vulnerable to macro-driven flashes, and has proven to be triggered by Israeli and Iranian headlines.
Coinbase Spot data shows Bitcoin fell to a low of $102,746 after reaching a high of $110,435 on June 12, with the gap locked at $105,060. This pattern (where the spot market overshoots the gap floor of futures) is typical during forced liquidation periods.
It strengthens how the weekend gap acts as a price magnet, but it is not necessarily an exact stopping point during high volatile movements.
The convergence of the spots and future following the events of the major narrative became a recurring theme. CME’s Friday settlement remains an institutional benchmark, with retail flows and offshore permanent markets driving primarily weekend trading.
When geopolitical shocks like the Iranian strike inject volatility, the CME gap is often the technical focus of short-term average reversal traders and risk managers assessing mispricing.
Continuous validity of this pattern Encryption Previously covered details show carry for the CME gap of the predicted weight.
Traders often employ heuristics that fill this gap as part of their directional strategies and take a stand on the assumption that prices will revisit the end of Friday’s CME.
However, this week’s four-day filling highlights the importance of timing and risk control. The target was ultimately hit, but the exposure had to be managed through extended drawdowns and macro uncertainty spikes.
The broader lesson of the past week is that CME gaps remain structurally relevant, even in an increasingly global and fragmented trading environment.
Their persistence reflects the dominance of institutional capital flows in forming weekly price anchors and the trends in markets returning to areas of untraded liquidity.
Post-Bitcoin fills the CME gap after an Iranian strike triggered a $5,000 sale.
