CME Bitcoin futures open with $1.4K gap

CME Bitcoin futures opened on Monday with a gap of approximately $1,440, starting the new trading week at $111,355 after closing the previous session at $109,915. This phenomenon occurs because the CME market is closed on weekends while the Bitcoin spot market operates 24/7. The gap's size is often proportional to the spot price's volatility over the weekend. As a result, traders are closely watching for the potential that the futures price will move to fill this gap.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments