PANews reported on February 2nd that, according to CoinDesk, a significant price gap has appeared in Bitcoin futures on the Chicago Mercantile Exchange (CME), offering a glimmer of hope for Bitcoin bulls. The futures contract closed at $84,445 on Friday, and opened at $77,385 on Sunday, creating a price difference. This gap stems from the weekend's drop in Bitcoin spot prices to approximately $75,000, during which time the CME futures market was closed.

A CME futures gap is the difference between the closing price of a futures contract and the opening price of the next trading day. Because the market does not trade 24 hours a day, significant price movements during market closures can create such gaps. Traders typically pay attention to these gaps, and historical data shows they tend to be "filled" within a short period, meaning the price returns to the level before the gap, but this is not always the case. As of the time of this report, CME Bitcoin futures were priced at approximately $78,230, still about 7% to 8% below Friday's closing price.