Bitcoin’s Wild Ride to $0 on MEXC: A TradingView Mishap or an Intergalactic Conspiracy?

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So, it happened: a graphical glitch on TradingView sent Bitcoin‘s price spiraling into the abyss, apparently dropping to zero on MEXC. Naturally, the internet lost its collective mind. But here’s the kicker—this issue wasn’t even visible on MEXC’s own platform. Go figure.

Still, the trading volume on MEXC skyrocketed by over 51% in the last 24 hours. You know how the internet works—rumors spread faster than you can say “panic sell,” and once they’re out there, they’re like fire in a haystack. Explosive, and entirely unhelpful.

Bitcoin’s Zero-Dollar Adventure on MEXC: Not Quite as Fun as It Sounds

So, MEXC, that Seychelles-based exchange where the crypto magic happens, has been busy upgrading itself. They’ve been running circles around their competition with meme coin listings, and today, they announced they were going from “quantity over quality” to—wait for it—”quality over quantity.” All sounds lovely, doesn’t it? Until Bitcoin decided to take a detour straight into the zero zone.

This is what happened on MEXC yesterday.

A wick sending bitcoin to ZERO for a few seconds, liquidating all BTC longs.

MEXC is a SCAM, I told you.

This exchange is owned by CRIMINALS.

When I say folks will wish they paid attention to my posts, I’m not joking.

— Crypto Beast (@cryptobeastreal) June 6, 2025

Needless to say, this caused an uproar. Imagine Bitcoin going from a lofty price of over $100,000 to, well, absolutely nothing. Chaos. Panic. Liquidations everywhere. People were probably throwing their phones across the room. Is this worse than Hyperliquid’s JELLYJELLY fiasco? Hard to say, but hey, at least it wasn’t caused by bad traders—this one was all TradingView’s fault (or so they claim).

So, MEXC, trying to salvage its reputation, took to social media to clarify that the Bitcoin glitch wasn’t their fault. It was, in fact, just TradingView having a bit of a moment:

“We have recently become aware of some posts circulating on certain accounts claiming that MEXC’s BTC candle wick dropped to 0. We would like to clarify that this was simply a display error on the TradingView platform on June 5, and there was no such issue on MEXC’s official website, where everything has been functioning normally,” developers stated.

Of course, MEXC also said they were working with TradingView to figure out what went wrong and prevent it from happening again. Because when things break, you don’t just sit around. You grab the nearest partner and start blaming the universe. But this came hours after the glitch had already sent Twitter into overdrive.

And yes, MEXC’s trading volume surged a whopping 51% in just 24 hours. Whether this spike is due to users panic-selling after the Bitcoin scare or just a sign that MEXC’s become the hot new playground for day traders, well, we may never know. But it’s definitely possible that there’s a whole lot of dumping going on.

Bottom line: always double-check your info, people. MEXC didn’t cause the glitch, but rumors were quick to turn it into the latest crypto scandal. It just goes to show that in the fast-paced world of crypto, even the smallest mishap can send the entire ship into a tailspin. Time to build some better guardrails, eh?

BeInCrypto reached out to MEXC, but they’ve yet to respond. Surprise, surprise.

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2025-06-06 20:23