Where crypto markets operate round-the-clock, many traditional markets remain closed on weekends. So what happens when one of these traditional exchanges starts offering Bitcoin? Will this situation affect crypto prices? 🧐
and cryptocurrency prices. Following that, the gap between CME’s trading hours and the 24/7 activity in Bitcoin markets offers some interesting insights as well.As said earlier, the Chicago Mercantile Exchange closes for the weekend, observing trading hours from Sunday to 4 PM the next Friday. For most of their offering, this presents no problem, but Bitcoin keeps moving while the CME closes up the store.
Most of the time though, the cryptocurrency market tends to be stable during the weekends while the CME markets are closed, preventing any such gaps from occurring. This is also true in the below example, where the price of Bitcoin in relation to USD barely moved an inch during CME’s closing hours. In fact, a strong move got paused during those hours, only to resume as soon as the CME reopened.
As with other trading systems, entering trades based on the CME gap should always be done in conjunction with other forms of analysis, as trades based purely on a gap are unlikely to yield positive returns. For example, when anOther traders use this statistic as a reason to take the weekends off, as prices have a high likelihood to stay relatively flat over the weekend.All things considered, the crypto markets have been behaving differently since the launch of CME Bitcoin futures contracts.
Either way, this weekend phenomenon is a pattern worth observing, and it might help you find a trading entry or two.
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