CME Bitcoin futures show a clear gap, which the market views as a potential rebound signal

Odaily Planet Daily News: During the weekend market closure, CME Bitcoin futures experienced a significant price gap, providing some optimistic expectations for market bulls. Data shows that CME Bitcoin futures closed at approximately $84,445 on Friday, while the opening price when trading resumed on Sunday evening dropped to $77,385, corresponding to the spot market which previously dipped to around $75,000, forming a clear gap.

Note: CME gaps refer to the price discontinuity between the closing price of the futures market and the next opening price. Since CME futures are not traded 24/7, gaps can form due to mismatches between the futures and spot markets during weekends or maintenance breaks. Historical experience indicates that although CME gaps are not an absolute rule and are usually filled within days or weeks, traders still regard this phenomenon as an important technical indicator. (CoinDesk)

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)