CME Bitcoin futures open with $2.9K gap

CME Bitcoin futures opened with a gap of approximately $2,940 on Monday, starting the week at $86,560 after closing the previous session at $89,500. This gap arises because the CME market closes for the weekend while the Bitcoin spot market continues to trade 24/7. The greater the volatility in the spot price over the weekend, the larger the resulting gap. Consequently, investors are watching to see if the futures price, which is based on the spot price, will move to fill this gap.