What Is a Bitcoin CME Gap?

A price gap refers to an empty space on a price chart. Bitcoin CME gaps usually form over the weekend. Bitcoin futures trading occurs from Sunday to Friday. There are times like Saturday when the CME futures market closes and trading stops. However, bitcoin trading continues on current cryptocurrency exchanges like Binance and Coinbase. 

Bitcoin’s price could make a strong move on the current crypto exchanges over the weekend when the CME futures market is closed. When the CME futures market reopens, bitcoin trading will resume at the current price, which may result in a price gap on the CME bitcoin price chart. 

For example, the CME futures market may have closed on Friday with a bitcoin price at $10,000. The bitcoin price rose to $10,500 over the weekend because of ongoing trading on current crypto exchanges. So, bitcoin trading on the CME futures market would resume at $10,500 instead of $10,000 where it closed, which resulted in a $500 price gap on the upside in bitcoin’s CME futures chart. 

Similarly, if bitcoin’s price dropped to $9,500 during weekend trading on current exchanges, then bitcoin futures trading on CME would resume at the new price. There would be a bitcoin CME price gap of $500 on the downside.

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