Bitcoin’s Weekend Surge Meets Resistance as CME Gaps Drive Volatility

Bitcoin witnessed significant weekend price fluctuations driven by CME gaps, often reversing during market reopenings. The cryptocurrency closely follows global M2 expansion, which experts believe to be a key driver of Bitcoin’s growth potential. However, recent volatility suggests the influence of institutional trading patterns and the expanding global M2 money supply. Market data shows that Bitcoin has consistently formed CME gaps on weekends for six consecutive weeks, raising attention among traders. While historically, Bitcoin has exhibited relative stability during weekends, this period is now marked by increased volatility and headlines-driven movements. Historically, these weekend fluctuations are often reversed the following week, with Bitcoin returning to its pre-weekend price levels. Bitcoin’s current price range indicates a strong influence from institutional trading activity. The CME gap phenomenon has become a focus for market participants as prices fill around these levels often signaling volatility or reversals. Recent analysis points to Bitcoin’s correlation with global M2 money supply expansion, where its price tends to follow significant expansions of liquidity. Historically, Bitcoin underperformed during periods of significant M2 growth in tightly controlled monetary conditions. However, the latest data shows a rising M2, which is driving Bitcoin’s current price surge. BitBull, a crypto analyst, noted that Bitcoin’s lag behind the expanding money supply remains noticeable and strengthens market expectations for a