The price of Bitcoin’s (BTC) in CME Futures dropped to a low $ 76,700 on Monday, officially filling the CME futures gap created on November 5, when President Trump won the US election.
By the end of February, Bitcoin (BTC) could easily fall to approximately $ 78,500, Slight filling gapSince the lowest point of the interval is $ 77,400. However, since the CME futures just dropped around $ 78,500 at that time, the space remained slightly open. With Monday’s denial of $ 76,700, the gap – from $ 77,930 to $ 80,600 – is completely closed.
For context, CME Bitcoin Futures Trade 23 hours a day, from Sunday to Friday, while Bitcoin spot markets trade 24/7. Gaps occur when there is a difference between the futures market closure price and the price opening for the next day due to lack of trading activity in off-hours.
CoinDesk research It has been mentioned that in the past 80 CME futures gaps, all but one has been filled. As for the remaining gaps, one still exists between $ 84,200 and $ 85,900.
