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Bitcoin Display Glitch fuels Market Frenzy

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A sudden and alarming glitch on popular charting platform TradingView briefly showed Bitcoin’s price crashing to zero on the MEXC exchange, sending shockwaves across the crypto world. While this turned out to be a display error, the momentary blunder caused widespread panic, sparked unfounded rumors, and led to a significant spike in trading activity on the exchange.

On June 5, some users monitoring Bitcoin’s chart on TradingView noticed what appeared to be a dramatic wick showing Bitcoin plummeting from over $100,000 all the way down to zero on the MEXC exchange. The disturbing visual quickly made rounds on social media, with many traders posting screenshots of the chart and expressing outrage, fear, and confusion over what they were witnessing.

Given the scale of such a price drop, the implications for traders were enormous. A genuine move to zero would mean total liquidation for anyone holding long positions. Such an event, even if brief, could have triggered automated trading systems and led to cascading losses for many users. The crypto community, known for its volatility and fast reactions, erupted almost instantly with speculation and accusations.

However, MEXC, a centralized exchange headquartered in Seychelles, swiftly addressed the situation. According to the company, the apparent price collapse was not a real event but simply a display issue on TradingView’s platform. In a public statement posted on social media, MEXC clarified that the glitch did not occur on its official site or internal systems.

“We have recently become aware of some posts circulating on certain accounts claiming that MEXC’s BTC candle wick dropped to 0,” the statement read. “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.”

Despite the exchange’s effort to clarify the situation, the damage to public sentiment had already been done. The rumor spread faster than the correction, and many users were left questioning the platform’s reliability. The situation highlights a recurring issue in the fast-paced world of cryptocurrency trading—unverified rumors can ignite chaos before facts have time to catch up.

Interestingly, MEXC’s trading volume surged more than 51% in the 24 hours following the incident. Whether this was due to panic-selling, opportunistic trades, or users fleeing the platform is not yet entirely clear. But the sudden increase in trading activity shows how sensitive the market can be to even the suggestion of a technical failure.

This is not the first time that display issues have caused confusion in the crypto world. Digital assets rely heavily on real-time data visualizations and algorithm-driven platforms. When even a small visual error occurs—especially on a platform as widely used as TradingView—the consequences can be amplified dramatically across global markets.

MEXC has since stated that it is working closely with TradingView to understand the root cause of the glitch and prevent similar incidents in the future. They also reminded users to independently verify any market abnormalities before making decisions based on potentially false data.

“We urge our community to verify information and avoid spreading unconfirmed reports. If there are any doubts, users should contact our customer support directly,” the exchange added.

The event serves as a crucial reminder of how fragile trust can be in the crypto space. A single visual error—whether or not it’s linked to a platform’s backend systems—can spark panic, trigger massive trades, and even cause reputational harm. In decentralized and sentiment-driven markets like crypto, confidence is everything. Once it’s shaken, it can take time to rebuild.

As of now, there is no evidence that any real transactions on MEXC occurred at a zero-dollar value, and TradingView has not issued a public explanation for the error. BeInCrypto reached out to MEXC for further comment, but no additional responses have been received at the time of publication.

In the end, this incident reinforces a vital lesson for investors and traders alike: don’t believe everything you see at first glance. In the world of crypto, where fortunes can shift in seconds, taking time to verify facts before reacting is not just smart—it’s essential.

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Sakamoto Nashi

Nashi Sakamoto, a dedicated crypto journalist from the Virgin Islands, brings expert analysis and insight into the ever-evolving world of cryptocurrencies and blockchain technology. Appreciate the work? Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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