By Key Points
- Bitcoin Price Glitch to $0 on MEXC Sparks 51% Trading Surge
- MEXC confirmed it was a display error, not an actual price drop
- Social media panic fueled rumors of a major exchange issue
- MEXC’s trading volume spiked 51% after the glitch
Bitcoin briefly appeared to crash to $0 on the MEXC exchange this week, triggering widespread confusion across the cryptocurrency community. But in reality, it was all due to a glitch on TradingView’s charts—not a real market event.
This momentary visual error sent shockwaves through social media, fueling wild rumors about a possible exchange hack or market collapse. While MEXC quickly clarified the mistake, the buzz was enough to drive a 51% spike in trading volume within just 24 hours.
Good morning Friends. ☕️
Woke up and saw $BTC – #Bitcoin on MEXC on $0 (no joke).
How was your morning? pic.twitter.com/DB95t0fGjD
— Crypto Fella (@CryptoFellaTx) June 6, 2025
TradingView Glitch Causes Bitcoin Chaos on MEXC
The crypto world thrives on fast news and faster reactions. This week proved no exception when a graphic glitch on TradingView showed Bitcoin’s price crashing to zero on MEXC’s BTC/USDT pair.
The sudden drop, visible only on TradingView, was not reflected on MEXC’s official exchange or app. Yet screenshots spread rapidly on X (formerly Twitter) and Telegram, with some users believing a real market meltdown was underway.
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. pic.twitter.com/rPf5X9eFAO
— Crypto Beast (@cryptobeastreal) June 6, 2025
Such a scenario, if real, would have been catastrophic. A drop from over $100,000 to $0 would instantly liquidate leveraged long positions and destroy market confidence. Comparisons were quickly drawn to past crypto mishaps like Hyperliquid’s infamous JELLYJELLY incident.
This comes at a time when many analysts are already warning that Bitcoin risks dropping below $100K in the current volatile market, adding fuel to the panic.
In response to the chaos, MEXC issued a statement:
“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.”
Regarding the Rumor About MEXC’s $BTC Candlewick Dropping to 0
We have recently become aware of some posts circulating on certain accounts claiming that MEXC’s $BTC candlewick dropped to 0.
We would like to clarify that this was simply a display error on the TradingView… pic.twitter.com/UXXcsVLmGk
— MEXC_Builders (@MEXC_Builders) June 6, 2025
MEXC developers further stated they are working with TradingView to diagnose the issue and prevent similar errors in the future. They also urged users to verify claims before reacting to viral posts.
MEXC Trading Volume. Source: CoinGecko – Techtoken
51% Trading Volume Surge Follows Market Panic
Despite MEXC’s swift clarification, the initial panic had already spread. Traders rushed to adjust their positions—some out of fear of further glitches, while others possibly sought arbitrage opportunities in the market chaos.
According to data from CoinGecko, MEXC’s trading volume surged more than 51% in the 24 hours following the glitch. The exact cause behind the spike remains unclear, but the timing strongly suggests it was linked to the Bitcoin display error.
Whether traders were panic-selling, hunting for bargains, or simply reacting to the viral news, the incident highlights a critical lesson for the crypto community: verify before you amplify.
In fast-moving markets, even a minor display bug can spark a chain reaction. MEXC, through no direct fault of its own, faced unfounded accusations of fraud and platform failure. While the exchange moved to correct the narrative, the speed of rumor propagation outpaced official statements.
This incident also brings attention to the need for robust crypto custody services, as traders seek more secure ways to protect their assets during unexpected market events.
Meanwhile, social media remains a powerful driver of crypto sentiment. As seen with the recent surge in Elon Musk meme coin influence, viral posts can sway the market faster than any official news.
Even unrelated tokens, such as the quirky Coinbase Fartcoin Subsquid, have shown how quickly communities can react, whether the news is legitimate or a meme.
BeInCrypto reached out to MEXC for additional comments but has not received a response as of publication.
As the industry evolves, incidents like this underline the need for better safeguards and faster communication channels between platforms, chart providers, and users.
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