CME BTC Futures Gap Up $710 at Open

IconCryptoNewsTerminal Staff17 Jun, 2024

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CME BTC Futures Gap Up $710 at Open

CME Bitcoin (BTC) futures opened at $66,350 today, creating a gap of $710 from the previous trading day's close of $65,640. This gap could be an indication of growing interest in BTC futures, as the market anticipates further price increases. The open interest in CME BTC futures has increased significantly in recent months, suggesting that more and more traders are using these contracts to speculate on the price of Bitcoin. The increasing open interest could also be contributing to the volatility of BTC futures, as more traders enter and exit positions. Traders should be aware of the risks associated with trading BTC futures, including the potential for large losses. It is important to carefully consider your risk tolerance before entering into any futures contracts.

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