Bitcoin Futures Adjust as CME Gaps Close
Bitcoin Price Activity and CME Futures Gap
Bitcoin Price Fluctuations Affect CME Futures
Bitcoin has recently experienced a 12% decrease, which has had a notable impact on the CME bitcoin futures chart. This adjustment has effectively closed the latest gap that emerged due to the closure of the exchange over the weekend, coinciding with the surge in bitcoin's price up to $95,000.
Significant Insights Into CME Gaps
A noteworthy observation shared by RiggsBTC on X reveals that since the introduction of bitcoin futures in December 2017, a total of 80 CME gaps have occurred. Remarkably, only one gap remains unfilled, positioned at $21,000.
Potential Future for Bitcoin
Amid these developments, discussions about bitcoin's future abound, with some forecasts suggesting the cryptocurrency might reach $250,000 by 2025.
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