BTC Opens Week With Major CME Gap After Sudden Drop to $111,400

Bitcoin (BTC) suffered a sharp drop of nearly $4,000 on Sunday evening, creating one of the largest CME futures gaps in recent weeks. The CME gap now spans from approximately $113,800 to $116,700, while BTC trades well below that level — around $111,400 at press time.

Crypto analyst Daan Crypto Trades noted that these gaps often act as magnets, saying:
"These gaps tend to get filled quickly once price approaches, but the farther away it is, the less actionable it becomes."

September seasonality was also mentioned by Merlijn The Trader, who warned:
"Every cycle, September wrecks BTC holders with fakeouts and bleeds. But October usually rebounds."

Meanwhile, analyst Michaël van de Poppe pointed to $111,900 as a critical support zone where liquidity might be taken before a rebound occurs. Resistance sits near $114,800, $116,800, and $119,500, while deeper support lies around $103,190 and $100,800.

The drop came following a massive whale transaction:
24,000 BTC, worth over $2.7 billion, was reportedly dumped across multiple exchanges, triggering a liquidation cascade. The whale's wallet still holds over 152,000 BTC, indicating this was not a full exit.

Analyst ZYN described the event as a "liquidation trap", not a fundamental breakdown, emphasizing:
"No structural reason to turn bearish — just another example of whales controlling the board."

In conclusion, the market is now watching closely: Will Bitcoin fill the CME gap quickly, or drift further down before rebounding?