Bitcoin Drops 100% from $103,000 to $0 on MEXC Exchange: Here’s What Happened

Bitcoin Drops 100% from $103,000 to $0 on MEXC Exchange: Here’s What Happened



MeraniAlee

Jun 9

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A TradingView glitch caused Bitcoin to drop by 100% to $0 on the crypto exchange MEXC, sparking an uproar within the crypto community.

Bitcoin traded between $101,000 and $105,000 on the open market yesterday, rebounding from a market flush the previous day. However, market data confirms the asset surprisingly dropped a staggering 100% to $0 on Seychelles-based crypto exchange MEXC.

The development made rounds on crypto Twitter as market proponents reacted to the price glitch. Crypto Beast, a veteran trader, drew the attention of his over 700,000 X followers and the broader community to the sharp decline in a Friday post.

He claimed in his post that the glitch, which lasted only for a few seconds, sparked a liquidation frenzy. According to him, all long positions on MEXC were liquidated.