CME Bitcoin futures opened markedly lower after the weekend, as traders eye a historically favored gap-fill tendency following a sharp spot market drop.
CME Bitcoin futures closed at $84,445 last Friday and reopened on Sunday at $77,385, marking a significant gap tied to a weekend spot price drop to around $75,000. As of reporting, futures trade near $78,230, about 7%-8% below the prior close. The gap, closely watched by traders due to its historical tendency to be filled, underscores heightened volatility caused by price moves outside regular trading hours.