CME Bitcoin futures, which are traded on the Chicago Mercantile Exchange, opened with a significant gap of $1,315 on Wednesday. The futures contract, which had closed at $95,310 during the previous trading session, opened at $93,995 on Wednesday. This gap indicates a sharp decline in the expected price of Bitcoin at the time of opening. The CME BTC futures are cash-settled contracts that allow traders to speculate on the future price of Bitcoin without having to take physical delivery of the cryptocurrency. The gap between the previous closing price and the opening price can provide insights into market sentiment and expectations. In this case, the wide gap suggests that traders were expecting a significant drop in the price of Bitcoin at the open.

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