Bitcoin's New Year CME gap remains unfilled around the $88,175 level, presenting a critical technical setup. Should BTC move to close this gap, over $2.4 billion in leveraged long positions could face liquidation pressure. The odds of a sharp downside sweep increase significantly if this price level gets tested. Traders holding leveraged longs should monitor this closely—CME gaps historically draw price action with force, making risk management essential in the current market structure.