In a wild moment that sent shockwaves across the crypto community, Bitcoin briefly showed a jaw-dropping 100% drop — all the way to $0 — on the MEXC exchange.
But what really happened? Let’s break it down. 👇
⚠️ The Shocking Drop to $0
Bitcoin was trading smoothly between $101,000 and $105,000 after recovering from a recent dip. Then out of nowhere — BOOM 💥 — on MEXC, TradingView charts showed $BTC crashing to zero.
Veteran trader Crypto Beast quickly flagged the issue to his 700K+ X (Twitter) followers, claiming the glitch triggered a liquidation storm for long positions.
The charts looked scary. But was it real? 🤔
🛠 MEXC Responds: "Just a TradingView Glitch"
MEXC’s developer team, MEXC Builders, quickly stepped in with a public post on X to clear the air.
> “Bitcoin did not drop to $0 on our platform. No long positions were liquidated due to this event,” they stated.
So what went wrong?
Turns out, it was a TradingView visual bug — nothing more. And within seconds, Bitcoin’s price was back to normal: $104,856 — same as other major exchanges.
🧠 Context: This Isn’t the First Time...
This isn’t new. Price glitches have happened even on top-tier exchanges like Binance.
👉 In Dec 2023, Bitcoin’s futures price on Binance spiked from $42,000 to $420,000 — a visual bug, not a real trade.
👉 Just 3 months earlier, BTC fell from $21,700 to $2,707 in another glitch.
Even XRP saw a spike to $62,032 on Kraken in June 2024 after TradingView earlier showed it at $9,864.
None of these events impacted actual trades — but they sure caused panic.
📌 Key Takeaway
Before jumping to conclusions, always verify the source of the data. Sometimes, it’s not the market — it’s the screen you’re watching it on. 💻
If you're trading based on visuals alone, you're not investing — you're gambling.
💬 What do you think? Should exchanges improve UI error handling or is this just part of the game?
Let’s talk below. 👇