Paradex Blockchain Rollback: Bitcoin Price Plummets to $0 Due to Glitch
- Technical Failure Impact: On March 21, 2025, Paradex experienced a database migration error that displayed Bitcoin's price as $0, triggering forced liquidations of thousands of leveraged trading positions, exposing the fragility of decentralized finance systems.
- Complex Rollback Measures: The Paradex team must coordinate with Starknet validators to execute a full blockchain rollback to restore all transactions during the faulty period, ensuring no user funds are permanently lost or duplicated.
- Severe User Losses: Users lost collateral due to automatic liquidations, with penalties typically ranging from 5-10%, and traders holding long-term positions were forced out at a false $0 price, significantly eroding trust in the platform.
- Regulatory Pressure on Industry: This incident occurs amid increased global regulatory scrutiny on cryptocurrency markets, highlighting consumer protection issues in decentralized systems and potentially prompting regulators to advocate for stricter compliance frameworks.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for STRK
Technical Sentiment Analysis for Starknet (STRK). As of , Starknet (STRK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for STRK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, STRK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Starknet (STRK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0236 | 0.0291 | 0.0344 | 0.0399 | 0.0452 | 0.0507 | 0.056 |
| Fibonacci | 0.0291 | 0.0332 | 0.0358 | 0.0399 | 0.044 | 0.0466 | 0.0507 |
About STRK
About the author
