BTC Slides Toward $91,000 With Two Downside CME Gaps in Focus

Bitcoin's price movement toward $91,000 is drawing attention to unfilled price gaps in CME bitcoin futures and BlackRock’s iShares Bitcoin Trust (IBIT), which act as technical gravity points for traders. CME futures gaps form because futures markets do not trade 24/7, leading to price discrepancies when markets reopen. Historically, bitcoin tends to retrace to 'fill' these gaps, similar to max pain theory in options. The immediate focus is on a weekend gap near $90,600 and a New Year’s Day gap around $88,000. Furthermore, the IBIT ETF is showing similar gap dynamics around $48 and $50, suggesting ETF trading behavior is increasingly mirroring futures-based technical patterns and becoming a new reference point for traders.

(Source：CoinDesk)