CME BTC futures open with $2.1K gap

CME BTC futures opened today at $67,995 after closing the previous session at $70,155, creating a gap of approximately $2,160. 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 occurs because the CME market is closed on weekends, while the Bitcoin spot market operates 24/7. The greater the spot price volatility over the weekend, the larger the gap. As a result, investors are closely watching to see if the futures price, which is driven by the spot market, will move to fill this gap.