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Bitcoin Price Fills CME Futures Gap As Monthly Close Disappoints

Bitcoin experienced a disappointing end to May, falling below $27,000 and erasing the weekend's uptick. However, BTC/USD filled a gap in CME futures outstanding since the weekend trip higher, leading some traders to believe that the bottom is usually near when these gaps fill. Despite this, traders remain cautious and are waiting for a clearer direction to emerge before making any trades. Bitcoin finished May down 7%, but is still straddling key liquidity gaps.

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