PakGazette – Billy Markus, founder of (DOGE) known on social media as Shibetoshi Nakamoto, posted a cryptic post on X. The post reflects his reaction to the rapid decline seen in the prices of (BTC), Dogecoin (DOGE) and (ETH).
Dogecoin founder’s cryptic post amid market turmoil
Markus shared a snapshot of the price of these three assets with a short caption: “Day 3 of being happy I quit my job.”
Quoted prices show a significant drop in BTC, DOGE and ETH. This reflects the huge bearish sentiment that has affected the currencies. As a result of these sell-offs, Bitcoin ETFs have seen the largest capital outflows as bears dominate the market.
Despite this huge drop, Markus’s tone has a touch of humor, which is best described as sarcastic. Many consider the post to have a deeper meaning of preparing to take advantage of falling asset prices.
Markus could be preparing to buy the dip in anticipation of a price rally, which will likely lead to profit-taking.
The publication of the founder of Dogecoin has provoked reactions from his followers and many users of the different currencies. Some users believe that the price drop is a great opportunity for investors to accumulate before the next bullish wave.
Bitcoin crossed the psychological price level of $100,000 for the first time and soared above $108,200. Many investors were dedicated to taking profits, particularly early traders who bought when BTC was trading below $80,000.
Market dynamics and investor confidence
At the time of writing, BTC is changing hands for $93,726.91, down 8.15% in the last 24 hours. Bitcoin’s market capitalization, which rose by $2 trillion following the bull wave, has now plummeted to $1.85 trillion. However, Bitcoin market volume has soared 24.19% to $119.02 billion.
DOGE price plummeted 20.49% to $0.289 in 24 hours. Dogecoin market volume has soared 107.95% to $13.58 billion. Ethereum has also recorded an increase in market volume of 47.64% to $75.88 billion, even with a notable price drop of 12.33% to $3,230.49.
Analysts say market volume for all three currencies has continued to rise, indicating investor confidence in the assets. These investors could be positioning themselves for future market recoveries.
