Kitty is right. There is still a gap in the $BTC futures at CME, between $114,380 and $115,675. Some may ask, didn't it drop to around $114,500 on Friday? How is there still such a large gap?
Because on Friday, the Bitcoin price at CME did not drop below $115,500, and at that time, the premium between futures and spot exceeded $1,000, which indicates that there are still many investors bullish on BTC.
Additionally, in the URPD data, the gap at $112,000 has not been filled either. This does not mean that it is bearish now; it is simply stating the position of the gaps, especially the URPD gap, which has historically never gone unfilled.
This article is sponsored by #Bitget | @Bitget_zh
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