Key facts
- Bitcoin experienced its first CME gap-free Monday.
- This event means Bitcoin's price on Monday closed the gap left from Friday's close.
- The event challenges a popular trading signal.
A CME gap occurs when the opening price of a trading session is significantly different from the closing price of the previous session. For Bitcoin futures traded on the CME, these gaps have historically been filled, meaning the price eventually returns to the gap level. The first 'gap-free Monday' suggests a potential shift in this pattern, prompting traders to re-evaluate its significance.