The value of Bitcoin dropped by 100% from $103,000 to $0 on the MEXC exchange: Here's what happened 😜👇
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The value of Bitcoin dropped by 100% from $103,000 to $0 on the MEXC exchange: Here's what happened
Date: June 7, 2025
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A glitch in TradingView caused the value of Bitcoin to drop by 100% to $0 on the MEXC cryptocurrency exchange, sparking a stir within the crypto community.
Bitcoin's price ranged between $101,000 and $105,000 in the open market yesterday, recovering from a surge the previous day. However, market data confirms a sudden drop of 100% to $0 on the MEXC cryptocurrency platform in Seychelles.
This development spread on crypto Twitter, where market participants reacted to the price glitch. Crypto Beast, a seasoned trader, drew the attention of his over 700,000 followers and the wider community to the sharp decline in a post he made on Friday.
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He claimed in his post that the glitch, which lasted only a few seconds, triggered a wave of liquidations. According to him, all long positions on the MEXC exchange were liquidated.
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