PANews February 2 News, according to CoinDesk, the Bitcoin futures on the Chicago Mercantile Exchange (CME) showed a significant price gap, bringing a glimmer of hope to Bitcoin bulls. The futures contract closed at $84,445 last Friday, with an opening price of $77,385 on Sunday, creating a price difference. This gap was caused by the Bitcoin spot price dropping to around $75,000 over the weekend, while the CME futures market was closed during this period.
The CME futures gap refers to the difference between the futures contract’s closing price and the next trading day’s opening price. Since this market is not 24-hour trading, significant price movements during the closed period can create such gaps. Traders typically pay attention to these gaps, and historical data shows they are often “filled” afterward, meaning the price returns to the level before the gap, but this is not guaranteed. As of the report, CME Bitcoin futures are approximately $78,230, still about 7% to 8% below last Friday’s closing price.
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