CME Bitcoin Futures Surge Sparks Market Speculation: A $385 Gap Opens

Bitcoin’s futures market experienced a noteworthy jump this week, with CME Bitcoin contracts opening at an astonishingly high price of $117,995. This significant upward movement sparked immediate market interest and led to discussions about what the ‘gap’ might signify for future trading activity. According to TradingView data, the gap originated after Bitcoin futures on the Chicago Mercantile Exchange (CME) opened following a lengthy weekend with substantial price shifts between Friday’s close and Sunday’s opening.