CME Bitcoin futures open with $2.9K gap

CME Bitcoin futures opened at $88,220 on Monday, creating a $2,970 gap from the previous trading day's close of $85,250. Such gaps occur because the CME futures market closes over the weekend, while the Bitcoin spot market operates 24/7. The magnitude of the gap often reflects the volatility of the spot price during that time. Consequently, investors are now watching to see if the futures price will move to fill this gap.