Bitcoin Breaks Above $106K as Crypto Stocks Rally; CME Gap Signals Possible Pullback
November 10, 2025 — Bitcoin surged past $106,000 on Monday, reclaiming its 365-day moving average near $102,444, a level that has served as long-term support throughout the current market cycle. The move marked a strong start to the week, despite data from Velo showing that Mondays have posted negative returns over the past month.
However, traders are watching a CME futures gap near $104,170, formed during the weekend. Such gaps occur when Bitcoin’s CME futures open at different levels from the prior close, often leading to price “fill” movements as the market retraces to those zones — suggesting near-term volatility may persist.
Optimism in broader markets continues to build amid growing expectations that the U.S. government shutdown could end this week, fueling renewed risk appetite.
Crypto-related equities advanced in pre-market trading alongside Bitcoin’s gains. Galaxy Digital (GLXY) rose 5% to $33, IREN (IREN) added 7% to $66, and Cipher Mining (CIFR) climbed 5% to $21.
Bitcoin treasury firms also saw upside. MicroStrategy (MSTR) gained 3% pre-market to $248, while Japan’s Metaplanet (3350) closed Monday 3% higher at ¥427.
In broader commodities, gold rallied 2% to $4,079, silver approached $50, up 3.3%, and the U.S. dollar index (DXY) hovered near 100. Meanwhile, 10-year Treasury yields edged above 4.1%, reflecting modest risk-on sentiment across global markets.
