CME Bitcoin Futures Show Significant Gap, Market Views as Potential Rebound Signal

Odaily News CME Bitcoin futures exhibited a significant price gap during the weekend market closure, providing some optimistic expectations for market bulls. Data shows that the closing price of CME Bitcoin futures on Friday was approximately $84,445, while the opening price dropped to $77,385 when trading resumed on Sunday evening, corresponding to a spot market drop to around $75,000 at one point, thus forming a noticeable gap.

Note: A CME gap refers to the price discontinuity formed between the closing price of the futures market and the next opening price. Since CME futures are not traded 24/7, this price jump occurs due to mismatches with the continuously trading spot market during weekends or scheduled maintenance closures. Historical experience shows that while CME gaps are not an absolute rule and are typically filled within days or weeks, this phenomenon is still considered by traders as one of the important technical reference indicators. (CoinDesk)