A wick to $28,000 sparks hopes of multi-week highs but caution remains over thin order book liquidity.
Bitcoin (BTC) recovered from a major dip at the May 26 Wall Street open as the market quickly exhausted buy support.
Bitcoin volume surges with more expected
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping to $28,000 on Bitstamp — its lowest since May 12 and the Terra LUNA implosion.
Progress had already accelerated to the downside on the day, this culminating in a liquidity grab that sent 24-hour BTC liquidations to $117 million.
Source: Cointelegraph
