CME Trading Halt Lasts 10 Hours, Sparks Trader Backlash
The Chicago Mercantile Exchange (CME), the world’s largest derivatives marketplace, halted trading for roughly 10 hours from Thursday into Friday due to a “cooling issue” at the CyrusOne data center in Illinois, according to the exchange. CME said service was fully restored and all markets resumed at 1:30 pm UTC on Friday.
Source: CME Group
Market participants criticized the disruption, reporting that it trapped some traders in existing positions, blocked new orders, and suspended price discovery.
Stock trader Timothy Bozman accused the exchange of market manipulation and questioned how a simple technical issue could disable CME’s entire futures platform.
Source: Timothy Bozman
Another user on X suggested the timing—during Asian trading hours on Thanksgiving Day, when volumes are typically lower—appeared convenient and alleged market manipulation.
Complaints continued after trading resumed, with several users noting the halt occurred minutes before silver futures contracts hit an all-time high of $54, further fueling speculation.
Bitcoin futures rise following the market halt
The CME does not publish regular trading data for Thanksgiving Day, which fell on Thursday. According to TradingView, Bitcoin futures closed Wednesday at $90,355 and opened Friday at $90,940.
Prices extended gains on Friday, trading above $93,000 at the time of writing as BTC rebounded from a local low of $80,522.
Bitcoin futures rebound from the recent low. Source: TradingView
Analysts said BTC faces resistance around $95,000; if $95,000 is reclaimed as support, prices could return to the $100,000 area.
Investor and analyst Arthur Hayes said the recent dip to just over $80,000 marked the market’s low and that easing liquidity conditions could lift BTC to higher levels in 2026, while cautioning that another short-term decline may still occur.
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