Bitcoin briefly appeared at zero on one exchange while trading normally elsewhere. A price feed failure caused real liquidations — and raised questions about infrastructure trust.
Bitcoin Showed $0 on One Exchange — Here's What Happened
Bitcoin didn't crash yesterday. It didn't even dip much. Across most of the market, BTC hovered around $92,600, barely moving through the session. But on Paradex — a perpetual futures platform running on Starknet — Bitcoin momentarily displayed a price of zero dollars. And that ghost number triggered real liquidations.
This wasn't a market event. It was an infrastructure failure isolated to one venue. No contagion, no panic selloff, no whales dumping. Just a broken price oracle or data feed that briefly told the system Bitcoin was worthless. For traders on that platform, though, the distinction didn't matter. Their positions got closed based on a price that didn't exist anywhere else.
What's interesting here is the gap between perception and reality. From the outside, everything looked fine — Bitcoin traded normally on every major exchange. But if you were inside Paradex's system at that moment, reality was whatever the feed said it was. And the feed said zero.
It's a reminder that when you trade derivatives, especially on newer or isolated platforms, you're not just exposed to market volatility. You're also betting that the platform's data sources won't malfunction in catastrophic ways. Most of the time, that bet is fine. But when it's not, you find out very quickly that "market price" is only as real as the infrastructure reporting it.
No one's suggesting Paradex is uniquely fragile — oracle issues and flash errors happen across the industry. But this incident does highlight how much trust is baked into systems we don't think about until they fail.
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