CME Bitcoin futures open with $395 gap

CME Bitcoin futures opened at $89,820 after the weekend, creating a gap of approximately $395 from the previous session's close of $89,425. A CME futures gap is the space on a chart between the closing price on Friday and the opening price on Monday. This occurs because the CME is closed on weekends, while the Bitcoin spot market operates 24/7. The gap tends to be larger when the spot price experiences significant volatility over the weekend. Consequently, traders are monitoring the potential for the futures price to move back and fill this gap.