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.
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.
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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“Cryptocurrency” means “cryptographic assets”