Liquidity Crisis Continues: BitMEX Wick Reaches $8,700 on Bitcoin Futures

Last week, Bitcoin plummeted from $7,500 to $3,800 at the extreme point of the low, as a result of a coronavirus panic-induced selloff combined with a liquidity crisis and potential DDoS attack on BitMEX that created a cascade of liquidations driving the price of Bitcoin down at a rapid rate.
But rather than clean up their act, strange price action continues to take place on the Bitcoin-based margin trading platform. In the latest shenanigans, the price of Bitcoin futures wicked all the way to $