Fuel for a broader Bitcoin rally? BTC dip fills futures gap, liquidating $1 billion

Cointelegraph

Published Feb 22, 2021 07:03AM ET

Updated Feb 22, 2021 08:40AM ET

An important Chicago Mercantile Exchange (CME) Bitcoin (BTC) futures gap closed as BTC/USD suddenly dropped below $54,000 on Feb. 22.

A CME gap forms when the price of Bitcoin moves either up or down after the CME closes during the weekend or holidays in the U.S.

BTC/USDT 4-hour price chart (Binance). Source: TradingView.com

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