CME BTC futures open with $1.3K gap

CME Bitcoin futures, which closed at $68,400 in the previous trading session, opened today at $67,085, creating a gap of $1,315. The CME BTC futures gap refers to the space on a chart between the closing price on Friday and the 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 larger this gap becomes. Consequently, investors often watch for the possibility that the futures price will move to fill this gap.