CME gaps worked for 8 years straight. 90-95% fill rate. Exposed every single weekend for free on a public chart. And most of you never traded it once.
Now CME is going 24/7 on May 29 and the setup is gone forever.
For those who do not know, CME closes on Friday and reopens Sunday evening. Bitcoin trades 24/7 but the CME chart does not. So a gap forms between the Friday close and the Sunday open. Price almost always came back to fill it. That was the entire setup.
This also changes market structure in a way most people are not thinking about. Weekend volatility existed partly because CME was closed. Thin liquidity plus no institutional hedging meant weekends were where the big moves happened. With CME open 24/7, institutional liquidity will now be present on weekends. That means fewer weekend wicks, fewer liquidation cascades on Saturday nights, and fewer of those “I woke up to my position being liquidated” moments.
The market just got more efficient. That sounds really good until you realize every edge that came from that inefficiency is now gone.
You had 8 years.
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