Watch Out Below: Bitcoin’s Weekend Surge Leaves CME Gap
Main Idea
Bitcoin's recent surge has left a gap in CME futures prices, and historical trends suggest this gap may be filled soon, potentially impacting Bitcoin's price movement.
Key Points
1. Bitcoin neared its all-time high of $123,000, leaving a CME futures gap between Friday's close at $117,430 and Monday's open at $119,000.
2. Historically, Bitcoin tends to fill such gaps, which can occur within days or even hours after they form.
3. CME futures operate from Sunday evening to Friday evening, creating gaps when significant price movements happen outside these hours.
4. Traders are watching to see if Bitcoin will close the gap or continue rising past $123,000, potentially leaving the gap unfilled for now.
5. Analyst Daan suggests monitoring the gap, as closing it could signal a reversal area, though it's not guaranteed.
Description
Bitcoin (BTC) may find itself fighting gravity after a surge over the weekend took it to within striking distance of its $123,000 all-time high while leaving a gap in the price of CME futures between Friday's closing price and Monday's open. CME bitcoin futures , cash-settled contracts that track the price of the largest cryptocurrency, settled at $117,430 on Friday, only to open on Monday at $119,000. Historically, bitcoin has shown a tendency to fill these gaps, meaning the price often retrace...
Latest News
- S&P Assigns First-Ever Credit Rating to a DeFi Protocol, Rates Sky at B-2025-08-11 16:14:01
- BNB Swings 4% in 24 Hours, Testing $800 Resistance2025-08-11 15:47:29
- Coinbase Is Becoming a Major Ethereum-Focused Player, Bernstein Says2025-08-11 15:09:44
- GSR, DigiFT Brings OTC Trading to $13.4B Tokenized Real-World Asset Market2025-08-11 09:51:39
- Watch Out Below: Bitcoin’s Weekend Surge Leaves CME Gap2025-08-11 09:42:21