CME BTC futures open with $2.1K gap

CME BTC futures opened today at $71,520, creating a gap of approximately $2,110 from the previous trading day's close of $73,630. The CME BTC futures gap refers to the space on the 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 continuously. The larger the spot price movement over the weekend, the wider the gap. Investors often monitor these gaps on the assumption that the futures price, which is based on the spot price, may eventually move to fill it.