CME Bitcoin futures exhibited a notable price gap during the weekend closure, offering some optimism for market bulls. According to Odaily, data indicates that the Bitcoin futures price closed at approximately $84,445 on Friday, but opened at $77,385 on Sunday evening when trading resumed. This gap corresponds with the spot market, which previously dropped to around $75,000, creating a distinct discrepancy.
The CME gap refers to the price difference between the closing price of the futures market and the next opening price. This occurs because CME futures do not trade 24/7, leading to mismatches with the continuously trading spot market during weekends or routine maintenance closures. Historically, while CME gaps are not an absolute rule and are typically filled within days or weeks, traders still regard this phenomenon as a significant technical indicator.