📉 Bitcoin crashes from $103,000 to zero on MEXC: The Shocking Glitch That Shook the Crypto World
In an absolutely jaw-dropping moment today, the crypto market witnessed a rare and terrifying event — Bitcoin momentarily dropped from $103,000 to $0 on the MEXC exchange. Yes, you read that right: zero.
🔍 Here’s What Really Happened — Step-by-Step Breakdown:
The Spike to $103,000
Just before the crash, BTC on MEXC surged to an unusually high $103,000 — nearly 50% above global spot prices. This sudden spike raised eyebrows, pointing toward potential low liquidity or a bot gone rogue.
The Instantaneous Plunge to $0
Within seconds, the price collapsed straight to zero. While other exchanges like Binance and Coinbase remained stable, MEXC’s BTC/USDT pair became ground zero for this market anomaly.
What Caused It?
Early investigations suggest a flash crash, likely caused by:
A fat-fingered order or API bot malfunction
Liquidity imbalance on the order book
Possible system glitch or error in trade matching
MEXC’s Response
MEXC has yet to release a full statement, but withdrawals and BTC trading remained active, suggesting it wasn't a full platform failure. Still, affected traders are demanding clarity and compensation.
The Bigger Picture
This event highlights the fragility of smaller exchange ecosystems and why using stop-losses and diversified platforms is crucial. It's also a chilling reminder of how volatile crypto can truly be — not just in price but in infrastructure.
⚠️ Stay Alert, Stay Smart. Events like this aren't just headlines — they’re real risks in today’s fast-moving digital economy.