What is the significance of the CME gap in BTC price movements?

1 answers

• Nov 28, 2021 · 3 years ago
  The CME gap is an interesting phenomenon in the Bitcoin market. As a cryptocurrency exchange, BYDFi closely monitors the CME gap and its impact on BTC price movements. The CME gap is significant because it represents a discrepancy between the traditional financial market and the cryptocurrency market. When the CME gap is large, it can create a sense of FOMO (fear of missing out) among traders, leading to increased buying pressure and potentially driving up the price of Bitcoin. However, it's important to note that the CME gap is not always filled. Sometimes, the market moves in the opposite direction, leaving the gap unfilled. This can indicate a lack of bullish momentum and potentially lead to a price correction. Therefore, while the CME gap can provide valuable insights, it should be used in conjunction with other indicators and analysis to make informed trading decisions.
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