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CME Bitcoin Futures Start Trading at “Window: $ 4895”


CME Bitcoin Futures Gap Information

Bitcoin prices continue to fall over the weekend. At one point, it was denominated in Japanese yen and fell below 5 million yen.

CME (Chicago Mercantile Exchange) Bitcoin futures, which incorporate weekend prices, continue to open at the beginning of the week with a width of $ 5,000 and the largest “window (gap)”.

  • Closing price: $ 50190 (5,490,183 yen)
  • Opening price: $ 45295 (4,954,729 yen)
  • Window (gap): $ 4895

The closing price was $ 50190 (¥ 5,490,183), while the opening price was $ 45295 (¥ 4,954,729). The gap is $ 4,895.

TradingView BTC / USD Chart

As for the Bitcoin market, a tweet posted before dawn on the 17th of Japan time also posted an article by a major overseas mass media as a statement that hinted at selling or the possibility of selling Bitcoin owned by Tesla. Bitcoin prices have fallen.

Bitcoin continues to fall below 5 million yen at one time
Bitcoin continues to fall below 5 million yen at one time

The cryptocurrency market on the weekend was also swayed by Tesla CEO Elon Musk. The Bitcoin (BTC) market temporarily fell below 5 million yen against the Japanese yen on the 17th. It continued to fall by 7% from the previous day and 24% from the previous week.

CME: Bitcoin Futures

The CME is used by large financial institutions such as US-based financial institutions to gain exposure to Bitcoin (BTC) price fluctuations, but like other financial products it handles, every Friday from 16:00 (CST) to Sunday 17: Since it will be closed until 00 (CST), if the Bitcoin (BTC) market, which operates 24 hours a day, 365 days a year, soars or plunges during that time, there will be a gap on the CME chart.

CME Bitcoin Futures: In the contract for difference settlement transaction denominated in US dollars, transaction data of major Bitcoin exchanges Bitstamp, Coinbase, itBit, Kraken, etc. within 1 hour are aggregated and operated based on the BRR standard calculated at 4:00 GMT. Therefore, it does not have its own price movement that is different from the physical market. = Closed time (closed) → Impact of price difference on CME opening time (closed).

CME trading hours: Sunday to Friday, US Central Time, 6:00 pm to 5:00 pm the following day (8:00 am to 7:00 am Japan time). Trading is suspended for 60 minutes from CT 5:00 pm (7:00 am Japan time). * Daylight saving time differs by 1 hour

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Author: S.Ninomiya

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“Cryptocurrency” means “cryptographic assets”

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