DOGE Founder Reacts to Bitcoin, Dogecoin and Ethereum Sell-off

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 that I quit my job."

day 3 of being very happy that i quit my job pic.twitter.com/lvEeCaljTz

— Shibetoshi Nakamoto (@BillyM2k) December 20, 2024

Despite this massive decline, Markus's tone has a hint of humor, best described as sarcastic. Many consider the post to have a deeper meaning of preparing to take advantage of the decline in the price of the assets.

Markus could be preparing to buy the dip in anticipation of a price rebound, which is likely to result in profit-taking.

The Dogecoin founder’s post has elicited reactions from his followers and many users of the different coins. Some users believe the price drop is a great opportunity for investors to accumulate ahead of the next bull wave.

Bitcoin crossed the psychological price level of $100,000 for the first time and soared to over $108,200. Many investors were engaged in profit-taking, particularly early traders who purchased when BTC traded below $80,000.

Market dynamics and investors’ confidence

Analysts say all three coins have continued to soar in market volume, signaling investors’ confidence in the assets. These investors might be positioning themselves for future market rebounds.