Bitcoin’s (BTC) price of CME futures fell to a low level of around $ 76,700 Monday, officially filling the CME Futures Gap, which was established on November 5 when President Trump won the US election.
At the end of February, Bitcoin (BTC) dropped cards to approx. $ 78,500, which partly filled the gap as the lowest point in the gorge was $ 77,400. As CME futures fell only about $ 78,500 at that time, the gap remained partially open. With Monday’s decline to $ 76,700, the gap – ranging from $ 77,930 to $ 80,600 – is now completely closed.
For context trading cme bitcoin futures 23 hours a day from Sunday to Friday, whereas Bitcoin Spot marketing trade 24/7. Holes occur when there is a difference between the futures market closure course and the opening price for the next day due to the absence of trading activity during off-hours.
Coindesk Research noted that out of the previous 80 CME futures holes, all except one eventually has been filled. As for remaining holes, one still exists between $ 84,200 and $ 85,900.