According to Velo data, Mondays have averaged negative returns over the past month. However, this Monday started in the green as bitcoin climbed above $106,000, reclaiming a key technical level the 365-day moving average, which has acted as an important long-term support throughout this cycle. That moving average currently sits near $102,444.

However, a small Chicago Mercantile Exchange (CME) gap has formed around $104,170 from weekend trading. A CME gap occurs when bitcoin’s price on CME futures opens  higher or lower than where it closed the previous session, typically over the weekend when CME markets are closed.

Historically, these gaps often get “filled” as price action revisits those levels, suggesting a short-term downside target, though the broader narrative has shifted bullish amid expectations that the U.S. government shutdown could end as early as this week.

As a result of bitcoin’s rally on Monday, crypto-related equities jumped in pre-market trading. AI-linked crypto stocks are leading the gains.

Galaxy Digital ( GLXY ) is up 5% to $33, IREN (IREN) has climbed 7% to $66 and Cipher Mining ( CIFR ) is trading around $21, up 5%.

Meanwhile, pure bitcoin treasury plays are also seeing strength. Strategy (MSTR) is up 3% pre-market at $248, while Metaplanet ( MTPLF ) closed Monday’s session 3% higher at 427 yen.

Elsewhere in the market, gold has jumped 2% to $4,079, and silver is approaching the $50 mark, up 3.3%. The U.S. dollar index (DXY) continues to hover near the 100 benchmark, while U.S. 10-year Treasury yields have edged back above 4.1%.