#chicago mercantile exchange

The post Bitcoin Amid Key Market Dynamics: Will It Retreat or Rally? appeared on BitcoinEthereumNews.com. In recent developments, Bitcoin‘s price has stabilized at approximately $74,000, creating a buzz as market observers focus on two pivotal liquidity zones. Notably, an open “CME gap” between $73,400 and $73,500 on the Chicago Mercantile Exchange is heightening speculation about Bitcoin’s potential price trajectory towards this range. Continue Reading:Bitcoin Amid Key Market Dynamics: Will It Retreat or Rally? Source: https://en.bitcoinhaber.net/bitcoin-amid-key-market-dynamics-will-it-retreat-or-rally

The post Bitcoin’s First CME Gap-Free Monday Puts a Popular Trading Signal to the Test appeared on BitcoinEthereumNews.com. Bitcoin (BTC) starts its first full trading week with no new CME futures gap on the chart. The shift ends an eight-year market quirk that traders relied on to forecast short-term price targets. The Chicago Mercantile Exchange (CME) moved its regulated cryptocurrency futures and options to around-the-clock trading on May 29. The change removed the weekend closure that had produced visible price gaps since Bitcoin futures launched in December 2017. Why the CME Gap Mattered for Bitcoin Traders For nearly nine years, CME Bitcoin futures closed every weekend while spot exchanges and offshore perpetual markets kept trading. Any weekend move produced a chart gap when futures reopened. Price often returned to fill it within days or weeks. Historical fill rates ranged from 70% to more than 90%. The pattern became one of the most watched short-term signals in crypto. The st