CME bitcoin futures gap $580
- CME Group’s bitcoin futures reopened for the week at $78,690 after Friday’s $78,110 close, leaving a $580 weekend gap on Monday’s chart. - Bitcoin’s spot market traded through the weekend and closed Sunday near $78,658, almost exactly where CME futures resumed when Globex trading restarted. - CME gaps form because futures shut while bitcoin trades nonstop; traders watch whether prices revisit the gap later. (cmegroup.com)
CME Group’s bitcoin futures reopened Monday at $78,690, up from Friday’s $78,110 close and leaving a $580 gap on the chart. (coinness.com) (finance.yahoo.com) CME’s main bitcoin contract was quoted around $78,255 early Monday, with market data on the exchange page marked delayed by at least 10 minutes. (cmegroup.com) Bitcoin itself never stopped trading over the weekend. CoinMarketCap showed bitcoin closing Sunday, April 26, at $78,657.54 after trading as high as $78,923.56 that day. (coinmarketcap.com) That is why the gap exists. CME futures pause over the weekend, while bitcoin changes hands around the clock on crypto exchanges. (cmegroup.com) (coinness.com) CME’s bitcoin futures are cash-settled contracts tied to the CME CF Bitcoin Reference Rate, not claims on actual coins moving onchain. (cmegroup.com) For traders, a “gap” is simply the empty space between Friday’s settlement area and Sunday night’s reopening price. The current one sits between roughly $78,110 and $78,690. (coinness.com) (learningcrypto.com) CME’s standard bitcoin futures are larger institutional contracts, while the exchange has also added smaller products including Bitcoin Friday futures and spot-quoted bitcoin futures. (cmegroup.com 1) (cmegroup.com 2) (cmegroup.com 3) The opening gap does not force prices to move in one direction on Monday. It does give traders a fresh level to watch as futures and spot markets realign after a weekend of uninterrupted bitcoin trading. (cmegroup.com) (coinmarketcap.com)
