16 hours ago
Bitcoin's (BTC) terms connected CME futures dropped to a debased of astir $76,700 connected Monday, officially filling the CME futures spread that was created connected Nov. 5, erstwhile President Trump won the U.S. election.
At the extremity of February, bitcoin (BTC) concisely fell to astir $78,500, partially filling the gap, arsenic the lowest constituent of the spread was $77,400. However, since CME futures lone dropped to astir $78,500 astatine that time, the spread remained partially open. With Monday's diminution to $76,700, the gap—ranging from $77,930 to $80,600—has present been afloat closed.
For context, CME bitcoin futures commercialized 23 hours a day, from Sunday done Friday, whereas bitcoin spot markets commercialized 24/7. Gaps hap erstwhile determination is simply a quality betwixt the futures marketplace closing terms and the opening terms for the adjacent time owed to the lack of trading enactment during off-hours.
CoinDesk research noted that retired of the erstwhile 80 CME futures gaps, each but 1 person yet been filled. As for remaining gaps, 1 inactive exists betwixt $84,200 and $85,900.
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