Bitcoin Price Dipped to Zero | MEXC Exchange Chaos Continues
Bitcoin's price briefly plummeted to zero on the MEXC exchange on June 6, 2025, causing panic among traders and stirring skepticism on various forums. Many traders claimed it was just a technical glitch, while others raised serious concerns about MEXC’s reliability.
Incident Overview
During the price drop, multiple traders reported that their orders remained intact. One trader noted, "Hey mate, everything looks normal from my end," suggesting that the problem might have originated from external platforms like TradingView, not from MEXC itself.
A user expressed distrust, stating, "What a scam exchange," reflecting a growing unease within the community. Despite the alarming charts showing Bitcoin’s price crashing, some traders confirmed that no real trading activity took place during that moment. One user quipped, "Man, if I had a buy order set, I’d have dreamed it went through."
Community Reaction
Diverse Opinions: The cryptocurrency community's responses painted a mixed picture:
Technical Issues: Many remain convinced it was purely a glitch. "All positions are still open. It's just a TradingView glitch," claimed one participant.
Stop-Loss Fears: Another trader voiced concerns about using stop-loss orders: "This is actually why I am afraid to put stop losses. If a flash crash happens, so much can be lost."
Buying Opportunities: Some took calculated risks. "I managed to scoop up 3,000 BTC for $5 each," shared a trader who made the most of the situation.
MEXC's Official Response
In light of the confusion, MEXC clarified, "The situation was just a display problem on TradingView, not on our website," urging users to reach out to their support for further inquiries. They also committed to improving communication with TradingView to avoid similar incidents in the future.
Key Takeaways
🔴 Many traders assert that the issue stemmed from TradingView, not MEXC.
🛑 Concerns regarding market manipulation and the reliability of MEXC are escalating.
💰 Some traders capitalized on the glitch, turning a shocking moment into profit.
3️⃣ "Trade it for a pizza while you still can!" was a humorous take amidst the panic, showing how some traders maintain a sense of humor even in chaotic situations.
As discussions continue on various forums, will MEXC manage to restore the trust of its traders? Stay tuned for updates in this evolving story.