Bitcoin (BTC) futures product was listed as a product by the Chicago Mercantile Exchange (CME) in December 2017. Since then, CME’s BTC futures data ha
These gaps have become self-fulfilling prophecies that are often rebalanced.Bitcoin futures product was listed as a product by thein December 2017. Since then, CME’s BTC futures data has been crucial to identifying institutional flow and interest, among other things. Regardless, the daily chart for BTC now shows three unfilled gaps, two at the top and one at the bottom.
Since its launch in 2017, CME Bitcoin futures have been creating gaps on the weekends. But investors started noticing that these gaps were often rebalanced by price moving into them. As a result, investors started trading with the expectation of rebalancing gaps, which created a self-fulfilling prophecy.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BTC price nears $26K amid warning Bitcoin sell pressure can 'double'Bitcoin selling has not yet matched recent peaks, analysis warns as BTC price risks a dip below $26,000.
Read more »
Fake Satoshi Nakamoto Craig Wright Predicts Next Stage in Bitcoin (BTC) EvolutionControversial self-proclaimed 'Satoshi' Craig Wright unveils bold vision for Bitcoin's future
Read more »
Here’s What Saved Bitcoin and Crypto Market in Past 24 HoursThe SEC decision has prevented further Bitcoin crash, BTC price has levelled
Read more »
Bitcoin on the way to 'bearadise?' $20K is back as a BTC price targetBTC price targets extend below $20,000 with Bitcoin analysts spooked by the week's 11% losses.
Read more »
Price analysis 8/18: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, LTCBitcoin’s volatility expansion chose the downside, and charts suggest that the sell-off is not over.
Read more »
BTC Slips Below $26K Again, LTC, SHIB, XRP Down 20% Weekly (Market Watch)In contrast, KAS and HBAR have soared by double-digits in the past 24 hours.
Read more »