CME Bitcoin futures open with $2.9K gap

CME Bitcoin futures, which closed at $77,545 on the previous trading day, opened today at $74,600, creating a gap of $2,945. The CME BTC futures gap refers to the space on a 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 larger the fluctuation in the spot price over the weekend, the wider this gap becomes. As a result, investors are watching to see if the futures price, which is driven by the spot price, will move to fill this gap.