Watch Out Below: Bitcoin’s Weekend Surge Leaves CME Gap

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.