A CME gap to the upside offers BTC bulls a glimmer of hope
CoinDesk
A significant price gap in CME bitcoin futures, caused by a weekend price drop, offers bulls hope for a price recovery.Summary
Bitcoin futures trading on the CME experienced a significant price gap when trading resumed Sunday evening, opening at $77,385 after closing Friday at $84,445, reflecting a sharp slide in the spot market to as low as $75,000 over the weekend. A CME gap is the difference between the closing price and the next opening price, often occurring because futures markets do not trade 24/7. Traders closely watch these gaps because they historically tend to fill within days or weeks. At the time of reporting, spot bitcoin was trading around $77,800, while CME futures were near $78,230, suggesting the gap was partially closing, offering a small sign of optimism for bulls.
(Source：CoinDesk)