By James Van Straten (All times ET unless indicated otherwise)

The CME bitcoin BTCUSD futures chart is in focus once again as bitcoin's recent 12% retracement has filled the latest CME gap—caused by the exchange's weekend closure and bitcoin's price run up to $95,000.

"The price action in bitcoin (BTC) continues to be a sight to behold, especially as it fills the latest CME gap—caused by the exchange’s weekend closure and bitcoin’s price run up to $95,000. But in doing so, it seems to be setting up the potential for an even deeper drop.

As reported by RiggsBTC via X, since bitcoin futures launched in December 2017, there have been 80 CME gaps, with only one unfilled at $21,000.

"We can see that the bitcoin futures on CME filled the last gap at $95,000, a price level which wasn't reached until August 2025," said RiggsBTC. "The only remaining gap is at $21,000, which was never filled during the 2020 bear market."

The striking statistic comes as the U.S. economy faces slower growth due to fiscal cuts, trade uncertainties and a weakening housing market. Inflation is expected to trend lower, with the Federal Reserve prioritizing employment over price control, according to Professor Satoshi, an analyst at Greeks Live Options Trader, in an exclusive interview with CoinDesk.

"The Federal Reserve are always behind because they are data driven. On my bingo cards for 2025 is return of quantitative easing. Which no one thinks is possible but have been thinking this for sometime because ever since the growth scare last year, we managed to kick the can down the curb until now," said Professor Satoshi.

Professor Satoshi also predicts that the Fed will likely skip a rate cut in March and that the chances of a larger 50 bps cut in May are slim.

"The last time we saw a 50 bps cut was in November 2022, during which we observed a strong response from the market, leading to a swift 15% rally in the S&P 500 from 5300 to 5700. However, I believe that due to the current economic climate, a 25 bps cut would be sufficient to induce a 5% to 8% rally in the S&P 500 from its present levels," explained Professor Satoshi.

Professor Satoshi also touched upon his outlook on the stock market, highlighting his belief that equities are currently overvalued.

"I'm not a stock market bear. I'm a bull in the sense that I think we'll see new highs in 2026. But right now, I think equities are overvalued. My fair value price target for the S&P 500 is 5700–5500," said Professor Satoshi.

In terms of crypto, Professor Satoshi noted that the market is currently experiencing de-risking, which often precedes downturns in equities.

"You can see altcoins got de-risked. This means majors get de-risked afterward. Typically, it's the crypto market down first, then equities follow."

March 5, 2:29 a.m.: Ethereum testnet Sepolia receives the Pectra hard fork network upgrade at epoch 222464.

March 5, 11:00 a.m.: Circle to host a live webinar on The State of the USDC Economy 2025 with Dante Disparte, Chief Strategy Officer & Head of Global Policy at Circle, and three other executives from Bridge, Nubank and Cumberland. Register here: https://zoom.us/webinar/register/2117334176

March 6: Ethereum-based L2 blockchain MegaETH deploys its public testnet, with user onboarding starting on March 10.

March 7: President Trump to host the inaugural White House Crypto Summit, bringing together top cryptocurrency founders, CEOs and investors for an exclusive discussion on the future of digital assets.

March 4, 8:00 p.m.: China’s 14th National People’s Congress (NPC) Third Annual Session

March 4, 8:30 p.m.: Bank of Japan Governor Kazuo Ueda speech at the IMF event "Asia and the IMF: Resilience through Cooperation" in Tokyo

March 4, 8:45 p.m.: Caixin Media

Services PMI Est: 50.8 vs Prev: 51

Composite PMI Prev: 51.1

March 5, 4:00 a.m.: HCOB (Hamburg Commercial Bank) releases (final) Feb Eurozone PMI Bus Activity

Composite PMI Est: 50.2 vs Prev: 50.2

Services PMI Est: 50.7 vs Prev: 51.3

March 5, 5:00 a.m.: Eurostat

PPI