Bitcoin Retreats from Weekend Highs as CME Exchange Gap Narrows Ahead of Market Open
Bitcoin gave up weekend gains, creating a $1,200 divergence between spot prices and the Chicago Mercantile Exchange’s last settlement. The pullback occurred after a brief rally above $108,000 following Friday’s CME close, demonstrating the market’s heightened sensitivity to derivatives market dynamics.
CME futures reopen with diminished gap pressure as spot prices approach the exchange’s closing level. Weekend trading volume stayed relatively low, driven primarily by a single large Hyperliquid trader rather than widespread market activity.
This price movement highlights the growing influence of institutional trading platforms on cryptocurrency markets, even during off-hours. Market makers now monitor these gaps as potential price catalysts when traditional markets resume trading.
