US President Trump announced last (2) night that he will advance a strategic reserve plan for cryptocurrencies other than BTC, including SOL, XRP, ADA and ETH, and the news caused a violent fluctuation in the BTC market, leading to the largest gap in the history of CME BTC Futures, exceeding $10,000.
Further Reading: Trump Calls for "XRP, SOL and ADA Strategic Reserves" - Market Surges, Bitcoin Breaks $89,000
According to TradingView data, after Trump's announcement, the spot market immediately saw an influx of over $300 billion, driving the price of BTC from $85,000 to nearly $95,000 within a few hours, and causing a huge $10,000 gap in the CME Futures. This record far exceeds the previous high of $4,000 in August 2024.
Crypto analyst Joe McCann pointed out:
This CME gap is far beyond previous records and may become a key technical indicator for future price corrections.
Why is the Bitcoin CME Futures Gap Important?
The CME Futures gap refers to the difference in BTC price between the close on Friday and the open on Sunday (7am Taiwan time) when the market continues to trade over the weekend.
Traders generally believe that these gaps have a chance to be "filled" in the future, meaning the BTC price may fall back to the $85,000 range to test it. Analyst Rekt Capital said:
BTC has successfully filled two CME gaps within a week.
But in the process, BTC has also created a massive new CME gap between $84,650 and $94,000.
However, according to past market cycles, this type of large-scale gap may take months to fill and will not happen so quickly. Crypto KOL Sommi also pointed out:
The two big gaps that appeared in the 2021 bull market cycle were only filled during the bear market.
Is there Hope for Altcoin Reserves?
On the other hand, Trump's hint at strategic reserves for Altcoins other than BTC has sparked different voices in the market, with many BTC supporters believing that strategic reserves should focus on BTC rather than including other crypto assets.
Casa CEO Nick Neuman further emphasized:
The only reasonable crypto asset for national reserves is BTC, as limitless digital assets, especially those with no utility, should not be considered.
Some market observers believe that the reserve plan may ultimately revert to a "BTC-first" strategy. Riot Platforms Vice President Pierre Rochard said:
The crypto strategic reserve will ultimately become just BTC, as the value of other Altcoins will ultimately approach zero.
The White House will host the first Crypto Currency Summit on March 7
Trump will host the White House's first Crypto Currency Summit on the 7th, where he will deliver a speech, and attendees will include well-known founders, CEOs and investors from the crypto industry, as well as members of the President's Digital Assets Working Group.
This White House "Crypto Currency Summit" to be held on March 7 will be hosted by White House AI and Crypto Czar David Sacks, and administratively managed by Digital Assets Working Group Executive Director Bo Hines, who may provide further details on the reserve plan.
Further Reading: Big Move by the White House! Trump to Host "First Crypto Currency Summit" Next Friday, Market Prepares for Big Action?
