$BTC An accidental display error occurred on the TradingView platform that briefly showed Bitcoin's price on the MEXC exchange had dropped to $0, causing a panic and uproar among traders on social media😲😲.
What exactly happened?🤔🤔
♦️Display error on TradingView: The drop in Bitcoin price to zero was not actual on the MEXC platform itself. It was merely a visual error in the data display provided by TradingView, which is a third-party charting analysis platform.
♦️Uproar on social media: Once this error appeared, screenshots and posts spread widely across social media platforms, especially Twitter (X), sparking speculation that MEXC was a scam or that there was a major issue with the platform.
♦️No impact on actual trading: MEXC confirmed that trading on its platform was not affected by this error, and that Bitcoin prices were normal, with no trades occurring at the price of $0. No positions were liquidated due to this error😌😌.
♦️Increase in trading volume: Although the error was not real, it led to a significant increase in trading volume on MEXC, possibly due to some traders attempting to verify the matter or take advantage of the rumors😎😎.
♦️Clarification from MEXC: MEXC rushed to clarify the situation, confirming that the issue was related only to the data display on TradingView and that they are working with TradingView to diagnose the error and prevent it from recurring. They also urged users to independently verify rumors and contact customer support if there are any issues😎😎.
In general, the main reason for Bitcoin's price drop to $0 on MEXC was a data display error on the TradingView platform, not an actual problem with the MEXC exchange or the real Bitcoin price. It was merely a visual glitch that did not affect actual trading operations😌😌.
