The value of Bitcoin fell 100% from $103,000 to $0 on the MEXC exchange: Here’s what happened 😜👇
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The value of Bitcoin fell 100% from $103,000 to $0 on the MEXC exchange: Here’s what happened
Date: June 7, 2025
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The image is owned by the underlying cryptocurrency project. The logo shown in the image is owned by the corresponding cryptocurrency project.
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A failure on TradingView caused the value of Bitcoin to drop 100% to $0 on the MEXC cryptocurrency exchange, causing an uproar within the cryptocurrency community.
The price of Bitcoin fluctuated between $101,000 and $105,000 in the open market yesterday, recovering from a surge the day before. However, market data confirms a sudden drop of 100% to $0 on the MEXC cryptocurrency platform in Seychelles.
This development spread on Twitter among cryptocurrency enthusiasts, where market participants reacted to the price failure. Crypto Best, a veteran trader, drew the attention of his more than 700,000 followers and the community at large to the abrupt drop in a post he made on Friday.
- Announcement -
He stated in his post that the failure, which lasted only a few seconds, caused a wave of liquidations. According to him, all long positions on the MEXC exchange were liquidated.
Bitcoin price drop to $0 on the MEXC exchange
Simply a failure on TradingView: MEXC
It is worth noting that speculation, as a result, turned into widespread criticism of the MEXC exchange, with accusations of fraud and scamming. However, this was followed by a reaction to clarify things.
In a related context, the development team of the MEXC Builders trading platform, based in Seychelles, turned to X to respond to damaging accusations. They clarified in a post on June 6 that the price of Bitcoin had not dropped to $0 on their platform, and that long positions had not suffered losses due to this event.
However, the wick of the candlesticks trading online at $0 represents an error on the TradingView platform. This means it is simply a display error on the popular e-commerce trading platform and does not reflect the price of Bitcoin on the MEXC site.
Meanwhile, developers have revealed that TradingView has fixed the display error. They are also in contact with the technical team of the platform to address the issue from the root and prevent it from happening again in the future.
- Announcement -
At the time of writing this report, TradingView has not responded to these claims. Additionally, the price of Bitcoin has remained on TradingView on the MEXC exchange, where it trades at its usual price of $104,856, along with other exchanges.
Similar errors in cryptocurrency prices
It is noteworthy that even the most advanced trading platforms sometimes experience asset price failures. A similar incident occurred several times on the Binance platform, the largest cryptocurrency trading platform by volume in 2023.
To clarify the situation, the price of Bitcoin fell from $42,000 to $420,000 on the Binance futures market in December 2023. Notably, this occurred just three months after another display price failure, where the price of Bitcoin dropped 90% from $21,700 to $2,707.
The Binance platform confirmed in both cases that it was simply a display error and that it had no impact on trading activities.
Additionally, the cryptocurrency XRP also experienced several price failures, both on the TradingView platform and on other trading platforms. For example, the token traded at a price of $62,032 on the Kraken platform in June 2024, after a display error following a spike to $9,864 on the TradingView platform a few days earlier.
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