- A TradingView glitch briefly showed Bitcoin dropping to $0 on the MEXC exchange, sparking panic and false liquidation claims.
- MEXC later clarified it was only a display error with no real impact on trading or user funds.
In a bizarre turn of events that sent shockwaves through the crypto world, Bitcoin appeared to crash from a lofty $103,000 all the way down to $0 on the MEXC exchange. The stunning price drop, however, turned out to be nothing more than a technical glitch on TradingView’s data feed — but not before it triggered widespread panic, confusion, and accusations.
On June 6, Bitcoin was recovering from recent market volatility and comfortably trading between $101,000 and $105,000. That’s when chaos hit. A TradingView candlestick showed Bitcoin hitting $0 on the MEXC exchange, a 100% drop in value — and social media exploded. Veteran trader Crypto Beast quickly sounded the alarm to his 700,000 followers, claiming the glitch sparked a “liquidation frenzy,” wiping out all long positions on MEXC in seconds.
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As rumors of fraud and manipulation swirled, MEXC’s development team jumped into damage control. They clarified on X (formerly Twitter) that the shocking price action was not real. According to MEXC Builders, no trades were executed at $0 and no users suffered losses due to the event. The issue was traced back to a TradingView display error — a candlestick gone rogue.
TradingView has since resolved the glitch and is now working closely with MEXC’s technical team to prevent similar incidents in the future. Still, the event reignited discussions about the reliability of crypto platforms, particularly during times of high volatility.
Notably, this isn’t the first time a price glitch has rocked the crypto space. In December 2023, Bitcoin spiked from $42,000 to a jaw-dropping $420,000 on Binance’s futures market. Earlier this year, XRP even “traded” at $62,032 on Kraken due to another visual display error.
As of now, Bitcoin has stabilized at around $104,856 on MEXC and other major exchanges — a reminder that in crypto, wild swings aren’t always what they seem.
This article is for informational purposes only and should not be considered financial advice. Always conduct your own research before making investment decisions.