CME Bitcoin futures open with $960 gap

CME Bitcoin futures opened on Monday with a gap of approximately $960. After closing the previous trading session at $104,160, the contract began trading at $105,120. A CME futures gap represents the space on a chart between Friday's closing price and Monday's opening price. This occurs because the CME market is closed on weekends, while the underlying Bitcoin spot market operates 24/7. The greater the spot price volatility over the weekend, the larger the resulting gap. Investors often monitor these gaps on the expectation that the futures price may eventually move to 'fill' the difference.