RATE Group | Bitcoin CME Futures Gaps Are Filled With 95% Certainty, But Trading Them Is Risky
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Bitcoin CME Futures Gaps Are Filled With 95% Certainty, But Trading Them Is Risky

05 Dec Bitcoin CME Futures Gaps Are Filled With 95% Certainty, But Trading Them Is Risky

Posted at 18:28h in Bitcoin News by

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If you’ve been a crypto investor or traded Bitcoin at all during 2019, chances are you’ve heard repeated discussion surrounding the “gaps” on Bitcoin futures charts offered by the Chicago Mercantile Exchange.

But what are gaps? And are these gaps nothing more than hype, or is the validity in taking trades based on the location of these gaps? One crypto analyst has set out to find out and has done a deep dive into the statistics of CME futures gaps and their correlation in the crypto market.

Bitcoin CME Futures Gaps Analyzed

Cryptocurrencies are an always-on, 24/7, 365 days a year market. However, traditional trading desks like CME Group offer weekday trading sessions. If Bitcoin makes a powerful weekend move, and it often does as liquidity tends to be the lowest on weekends while traders are away from their desks, it can leave a gap between Friday’s late evening close and Monday’s morning open.

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