A notable price gap has emerged in Bitcoin futures on the Chicago Mercantile Exchange (CME), potentially signaling bullish opportunities. The futures contract closed at $84,445 on Friday and opened at $77,385 on Sunday, reflecting a significant price difference. This gap resulted from a weekend drop in Bitcoin spot prices to around $75,000 while the CME market was closed.
CME futures gaps occur due to the market's non-24-hour trading schedule, with significant price movements during closures creating these discrepancies. Historically, such gaps are often "filled" as prices return to pre-gap levels, though this is not guaranteed. Currently, CME Bitcoin futures are trading at approximately $78,230, remaining 7% to 8% below Friday's closing price.
CME Bitcoin Futures Show Significant Price Gap, Sparking Bullish Hopes
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