
“Sell me this CME gap”
CME gaps have always fascinated Bitcoin traders. They occur when the futures market reopens after a weekend at a different price than Friday’s close, leaving a blank space – or “gap” on the chart. While most gaps eventually close, the rare occasions when two appear back-to-back in the same direction create a far more important signal.
I call these “double gaps” and in all of Bitcoin’s futures history, they’ve only appeared 4 times:
1. June 2019 (bullish)
2. December 2020 (bullish)
3. May–June 2022 (bearish)
4. July 2025 (bullish attempt)
That rarity makes them worth studying. Double gaps tend to reveal the true strength or fragility of a trend. In most cases, it is the second gap that becomes the magnet, pulling price back in short order and exposing weak momentum. But when the second gap refuses to close quickly, the absence itself is the signal. It marks the kind of runaway conditions that only emerge in Bitcoin’s strongest bull runs or most violent capitulations. Read on for more.
Historical Evidence
The history of CME double gaps goes back to 2018, and onl
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