Bitcoin Drops 100% from $103,000 to $0 on MEXC Exchange: Here’s What Happened
The post Bitcoin Drops 100% from $103,000 to $0 on MEXC Exchange: Here’s What Happened appeared on BitcoinEthereumNews.com. A TradingView glitch triggered Bitcoin to drop by 100% to $0 on the crypto exchange MEXC, sparking an uproar within the crypto community. Market data confirms the asset remarkably dropped an incredible 100% to $0 on Seychelles-based crypto exchange MEXC. The development made rounds on crypto Twitter as market advocates 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 decrease in a Friday post. He stated in his post that the issue, which lasted only for a few seconds, triggered a liquidation frenzy. According to him, all long positions on MEXC were liquidated.
Bitcoin Glitch to $0 on MEXC Simply A TradingView Problem: MEXC
Specifically, as a result, the speculations deteriorated into extensive criticisms of MEXC, with claims of frauds and scams leveled against the exchange. A response has followed, attempting to clear the air. For context, MEXC Builders, the developer team of the Seychelles-based exchange, has taken to address the negative claims. The June 6 post clarified that Bitcoin’s price did not drop to $0 on its platform, nor did long positions suffer any loss due to the event. However, the candlestick wick to $0 circulating on the web is a glitch on TradingView’s platform. This indicated that it was a mere display error on the prominent online trading platform and did not reflect Bitcoin’s price on the MEXC website. Meanwhile, the developers revealed that TradingView has rectified the display mishap. Additionally, they are in touch with the platform’s technical team to resolve the issue at its root and prevent a similar incident from occurring in the future.
The post Bitcoin Drops 100% from $103,000 to $0 on MEXC Exchange: Here’s What Happened appeared on BitcoinEthereumNews.com. A TradingView glitch triggered Bitcoin to drop by 100% to $0 on the crypto exchange MEXC, sparking an outcry within the crypto community. Market data confirms the asset remarkably dropped an incredible 100% to $0 on Seychelles-based crypto exchange MEXC. Bitcoin Glitch to $0 on MEXC Simply A TradingView Glitch: MEXC
Significantly, as a result, the speculations deteriorated into extensive criticisms of MEXC, with claims of frauds and scams leveled against the exchange.
The development made rounds on crypto Twitter as market supporters reacted to the price glitch. Additionally, Bitcoin’s price has stabilized on the MEXC TradingView window, trading at its normal price of $104,856, alongside other exchanges. Similar Crypto Price Glitches
Remarkably, even the most advanced exchanges have occasionally experienced glitches in asset prices. The development made rounds on crypto Twitter as market advocates reacted to the price issue. Furthermore, Bitcoin’s price has stabilized on the MEXC TradingView window, trading at its normal price of $104,856, alongside other exchanges. Similar Crypto Price Glitches
Remarkably, even the most advanced exchanges have occasionally experienced glitches in asset prices. For perspective, Bitcoin’s price glitched from $42,000 to $420,000 on the Binance futures market in December 2023. Moreover, XRP has also encountered several price glitches, both on TradingView and on the exchanges.
