Bitcoin slides from recent highs as CME gap and DeFi hack pressure mount

Bitcoin faces a pull‑back after Friday surge

The leading cryptocurrency Bitcoin retreated ↓ 4.2% from its recent peak as market participants weighed a CME futures gap that opened on the weekend. Simultaneously, a high‑profile DeFi exploit rattled altcoins, dragging sentiment lower. Analysts cited Reuters data showing a ↓ 1.8B USD outflow from crypto funds in the past 24 hours.

“The CME gap creates a technical ceiling that traders are reluctant to breach,” noted a senior trader.

Further pressure stems from lingering macro‑economic uncertainty, with U.S. inflation data still above expectations. Bloomberg reports that Bitcoin’s hash‑rate remained stable, suggesting miners are not yet reacting to price moves. The convergence of these factors signals a short‑term correction, but the longer‑term trajectory remains dependent on regulatory clarity and broader market liquidity.