Bitcoin Futures Gaps to Become History as CME Begins 24/7 Trading
Cointelegraph
CME Group's shift to 24/7 Bitcoin futures trading eliminates the creation of weekend price gaps, though some historical gaps remain.Summary
CME Group has transitioned its Bitcoin futures market to 24/7 trading, effectively ending the formation of weekend "price gaps." Previously, discrepancies between the closing and opening prices of futures contracts often created gaps that traders expected to be "filled" over time. While this change prevents future gaps, analysts note that several existing gaps, including one near $67,000, remain on the chart. Meanwhile, market participants are monitoring Bitfinex whale activity, where shrinking short positions suggest shifting sentiment regarding Bitcoin's potential price direction.
(Source：Cointelegraph)