CME Bitcoin futures open with $695 gap

CME Bitcoin futures, which closed the previous trading day at $87,895, opened on Monday at $88,570, creating a gap of approximately $695. A CME futures gap represents the difference between the contract's closing price on Friday and its opening price on Monday. This phenomenon occurs because the CME is closed on weekends, while the Bitcoin spot market operates 24/7. The larger the fluctuation in the spot price over the weekend, the wider the gap becomes. Consequently, investors are closely watching for the possibility that the futures price will move to fill this gap.