Analysis: CME Bitcoin futures show a significant price gap, bringing a glimmer of hope to bulls

According to CoinDesk, the Bitcoin futures at the Chicago Mercantile Exchange (CME) have shown a significant price gap, bringing a glimmer of hope to Bitcoin bulls.

The futures contract closed at $84,445 last Friday, while the opening price on Sunday was $77,385, creating a price difference. This gap arose as the weekend saw Bitcoin's spot price drop to around $75,000, while the CME futures market was closed during this period. The CME futures gap refers to the difference between the closing price of the futures contract and the opening price of the next trading day. Since this market does not trade 24 hours, significant price movements during the closure can create such gaps. Traders typically pay attention to these gaps, as historical data shows that they often get "filled" in the following period, meaning the price returns to the level before the gap, but this is not absolute. As of the report, the CME Bitcoin futures price was around $78,230, still about 7% to 8% lower than last Friday's closing price.