Bitcoin Price May Bottom at $88K Next Cycle If Last CME Gap Stays Open

Bitcoin approached $90,000 during the first Wall Street trading session of 2026, encountering familiar resistance. A new CME futures gap has emerged, raising concerns about a potential price dip. Analysts suggest a possible BTC price correction could target $88,000.

The CME Group reported record international average daily volume of 8.4 million contracts in 2025, an 8% increase compared to 2024. This growth includes a 34% surge in metals trading and 8% gains in agricultural and energy markets according to CME Group.

Institutional buying of Bitcoin has outpaced miner supply in early 2026, with Capriole Investments reporting that institutions acquired 76% more Bitcoin than produced by miners. This trend historically correlates with a 109% average price increase.

Why Did This Happen?

Bitcoin faced a new CME futures gap on the downside as TradFi markets reopened. This gap provides a potential near-term target for price correction. Analysts warn of a BTC price dip as long liquidations build around $88,000.

Bitcoin’s price breakout attempt gained momentum during the Asia trading session. As trading resumed on Wall Street, Bitcoin produced a new gap on CME Group’s futures market, increasing pressure for a potential correction.

How Markets Responded

Bitcoin’s price surge has led to increased trading activity, with cross-crypto liquidations totaling more than $200 million in the 24 hours leading up to the first Wall Street open. This reflects growing institutional interest in the cryptocurrency market.

Institutional buyers are driving demand for Bitcoin, with purchases surpassing miner supply by a significant margin. This shift in market dynamics suggests renewed investor confidence in Bitcoin’s long-term prospects.

What Are Analysts Watching Next

Analysts are monitoring the $88,000 level as a key support for Bitcoin. TheKingfisher warned that prices may dip to take out late BTC long positions around this level. High leverage liquidation maps show clusters forming around $88,000.

Bitcoin’s potential to reach $100,000 in January has also attracted attention. Institutional activity and historical price trends suggest a possible bullish turnaround after recent declines. Economists predict a 41% price uptick in the near term.

The CME Group’s record trading volumes highlight growing market participation. As Bitcoin continues to attract institutional interest, the market may see further consolidation before the next price move.