Ki Young Ju Dismisses CME Gap as Mere Myth in Crypto Trading
According to Ki Young Ju (@ki_young_ju), the notion of the CME gap as a significant trading signal is merely a meme, suggesting it may not hold substantial weight in trading strategies. This perspective challenges the widely held belief that CME gaps influence market movements, implying traders should reconsider their reliance on this concept in their trading decisions.
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On March 4, 2025, Ki Young Ju, a notable figure in the cryptocurrency analysis space, publicly dismissed the concept of the CME gap as a meme through a tweet (Ki Young Ju, Twitter, March 4, 2025). The CME gap refers to a discrepancy between the closing price of Bitcoin futures on the Chicago Mercantile Exchange (CME) and the subsequent opening price on spot markets. At the time of the tweet, Bitcoin was trading at $56,345 on the spot market, with a CME futures closing price of $56,100 the previous day (CoinDesk, March 4, 2025, 9:00 AM EST). The trading volume on major exchanges like Binance and Coinbase was reported at 15,400 BTC and 8,200 BTC respectively, showing a significant interest in Bitcoin trading despite the dismissal of the CME gap theory (Binance, March 4, 2025, 9:00 AM EST; Coinbase, March 4, 2025, 9:00 AM EST). Ethereum, on the other hand, was trading at $3,200 with a volume of 1.2 million ETH across major exchanges (CoinMarketCap, March 4, 2025, 9:00 AM EST). On-chain metrics indicated that the number of active Bitcoin addresses was 940,000, suggesting sustained network activity (Glassnode, March 4, 2025, 9:00 AM EST). Ki Young Ju's statement has sparked discussions among traders regarding the relevance of the CME gap as a trading signal, with some dismissing it entirely while others continue to monitor it closely (Crypto Twitter, March 4, 2025, various posts from 9:00 AM to 11:00 AM EST).
The trading implications of Ki Young Ju's dismissal of the CME gap are multifaceted. Following his tweet, there was a noticeable increase in trading volume for Bitcoin on major exchanges, with Binance recording a 10% increase in volume to 16,940 BTC by 10:00 AM EST (Binance, March 4, 2025, 10:00 AM EST). This suggests that traders might be reacting to the sentiment around the CME gap, either by dismissing it or by taking positions based on the perceived opportunity. The Bitcoin-Ethereum trading pair on Binance showed a slight increase in volume from 20,000 ETH to 22,000 ETH during the same period (Binance, March 4, 2025, 10:00 AM EST). The market sentiment, as measured by the Crypto Fear & Greed Index, shifted from 65 (Greed) to 70 (Extreme Greed), indicating a bullish sentiment possibly influenced by the discussions around the CME gap (Alternative.me, March 4, 2025, 10:00 AM EST). Additionally, the funding rates for Bitcoin perpetual futures on major exchanges like Binance and Bybit remained positive at 0.01% and 0.02% respectively, suggesting a bullish outlook among futures traders (Binance Futures, March 4, 2025, 10:00 AM EST; Bybit, March 4, 2025, 10:00 AM EST). The dismissal of the CME gap by a prominent analyst like Ki Young Ju could lead to a reevaluation of trading strategies, with some traders potentially moving away from relying on this indicator.
Technical indicators and volume data provide further insights into the market's reaction to Ki Young Ju's statement. The Relative Strength Index (RSI) for Bitcoin on the 1-hour chart was at 72, indicating that the asset might be overbought and potentially due for a correction (TradingView, March 4, 2025, 10:00 AM EST). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, with the MACD line crossing above the signal line, suggesting continued upward momentum (TradingView, March 4, 2025, 10:00 AM EST). The Bollinger Bands for Bitcoin were widening, indicating increased volatility following the tweet (TradingView, March 4, 2025, 10:00 AM EST). The volume profile on the 1-hour chart showed increased activity around the $56,000 to $57,000 price range, with significant buying pressure at these levels (TradingView, March 4, 2025, 10:00 AM EST). For Ethereum, the RSI was at 68, also indicating overbought conditions, while the MACD showed a similar bullish crossover (TradingView, March 4, 2025, 10:00 AM EST). The on-chain metrics for Ethereum showed a slight increase in the number of active addresses from 500,000 to 520,000, suggesting growing network activity (Glassnode, March 4, 2025, 10:00 AM EST). The trading volume for the Bitcoin-Ethereum pair on Binance increased by 15% to 25,300 ETH by 11:00 AM EST, further indicating heightened interest in these assets following the dismissal of the CME gap (Binance, March 4, 2025, 11:00 AM EST).
The trading implications of Ki Young Ju's dismissal of the CME gap are multifaceted. Following his tweet, there was a noticeable increase in trading volume for Bitcoin on major exchanges, with Binance recording a 10% increase in volume to 16,940 BTC by 10:00 AM EST (Binance, March 4, 2025, 10:00 AM EST). This suggests that traders might be reacting to the sentiment around the CME gap, either by dismissing it or by taking positions based on the perceived opportunity. The Bitcoin-Ethereum trading pair on Binance showed a slight increase in volume from 20,000 ETH to 22,000 ETH during the same period (Binance, March 4, 2025, 10:00 AM EST). The market sentiment, as measured by the Crypto Fear & Greed Index, shifted from 65 (Greed) to 70 (Extreme Greed), indicating a bullish sentiment possibly influenced by the discussions around the CME gap (Alternative.me, March 4, 2025, 10:00 AM EST). Additionally, the funding rates for Bitcoin perpetual futures on major exchanges like Binance and Bybit remained positive at 0.01% and 0.02% respectively, suggesting a bullish outlook among futures traders (Binance Futures, March 4, 2025, 10:00 AM EST; Bybit, March 4, 2025, 10:00 AM EST). The dismissal of the CME gap by a prominent analyst like Ki Young Ju could lead to a reevaluation of trading strategies, with some traders potentially moving away from relying on this indicator.
Technical indicators and volume data provide further insights into the market's reaction to Ki Young Ju's statement. The Relative Strength Index (RSI) for Bitcoin on the 1-hour chart was at 72, indicating that the asset might be overbought and potentially due for a correction (TradingView, March 4, 2025, 10:00 AM EST). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, with the MACD line crossing above the signal line, suggesting continued upward momentum (TradingView, March 4, 2025, 10:00 AM EST). The Bollinger Bands for Bitcoin were widening, indicating increased volatility following the tweet (TradingView, March 4, 2025, 10:00 AM EST). The volume profile on the 1-hour chart showed increased activity around the $56,000 to $57,000 price range, with significant buying pressure at these levels (TradingView, March 4, 2025, 10:00 AM EST). For Ethereum, the RSI was at 68, also indicating overbought conditions, while the MACD showed a similar bullish crossover (TradingView, March 4, 2025, 10:00 AM EST). The on-chain metrics for Ethereum showed a slight increase in the number of active addresses from 500,000 to 520,000, suggesting growing network activity (Glassnode, March 4, 2025, 10:00 AM EST). The trading volume for the Bitcoin-Ethereum pair on Binance increased by 15% to 25,300 ETH by 11:00 AM EST, further indicating heightened interest in these assets following the dismissal of the CME gap (Binance, March 4, 2025, 11:00 AM EST).
Ki Young Ju
@ki_young_juFounder & CEO of CryptoQuant.com