CME Bitcoin futures open with $730 gap

CME Bitcoin futures opened today at $71,310, creating a gap of approximately $730 after closing the previous session at $70,580. The CME BTC futures gap refers to the space on the chart between Friday's closing price and Monday's opening price. This phenomenon occurs because the CME is closed on weekends, while the Bitcoin spot market operates 24/7. The greater the volatility in the spot price over the weekend, the larger this gap becomes. Consequently, traders are watching to see if the futures price, which is based on the spot price, will move to fill this gap.