Wu said that DeFi asset management platform XWIN Japan issued a statement indicating that CME Bitcoin futures are traded only on weekdays, while the spot market operates 24 hours, which leads to CME gaps; these gaps are not simply "magnetic" price levels but are low-liquidity zones. Currently, one CME gap has been filled, and the next unfilled gap is around $93k, making it a reasonable target for Bitcoin's medium-term upward movement, but this does not mean the price will immediately reach it. XWIN Japan stated that the key driver for gap filling is position holdings; high open interest (OI) in open contracts indicates leveraged accumulation, which may later be released through position liquidation, triggering sharp volatility. If leverage increases but spot demand is insufficient, the market may first decline to clear out longs before stabilizing and attempting to move toward the upper gap.

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