Dogecoin Cofounder Billy Markus Posts 'We're So Back?'
Dogecoin (DOGE)
Editor:
Eugene Serbin
u.today reports that Dogecoin cofounder Billy Markus, known as Shibetoshi Nakamoto on X, sparked market buzz with a cryptic post reading "We're So Back?" This message appeared during a broader rally where most cryptocurrencies traded in the green, with Bitcoin up 5% and Ethereum rising nearly 6% in the last 24 hours. Dogecoin itself gained nearly 4% to trade at $0.088, while altcoins like Avalanche, Ethena, and Filecoin posted gains between 14% and 22%.
Market sentiment is firmly in greed, according to the Crypto Fear and Greed Index, marking a shift to a positive mood. The phrase "we're so back" typically signals a rapid change in sentiment or price reversal, though Markus did not explicitly mention Dogecoin or Bitcoin. The wider market rebounded after the Federal Reserve raised its benchmark rate by a quarter-percentage point to 3.75% to 4% on Wednesday.
Bulls remained undeterred by the failure of the Clarity Act bill, pushing prices up toward the weekend. Glassnode data indicates altcoin leverage remains below its risk threshold, suggesting potential for further runs. Additionally, Bitcoin has reclaimed the True Market Mean, placing its price back into a bullish regime.
How the market reacted
Whalio's own Binance spot order flow for DOGE, measured when this story was written up on 19 September 2026. Not the outlet's figures.
Dogecoin is currently trading at $0.08747 with a 1-hour buy ratio of 52.9% and a 4-hour buy ratio of 52.0%, both indicating a slight majority of buy-side pressure. In contrast, the 24-hour buy ratio sits at 49.4%, showing that buying interest has faded over the longer timeframe. The 1-hour volume delta is positive at +$390,846, while the 4-hour delta is +$361,665, but the 24-hour delta is negative at -$1,481,246. This divergence suggests that recent short-term buying is not enough to offset the net selling pressure accumulated over the day. The Cumulative Volume Delta for the 24-hour close is -$4,302,980, confirming that sellers have dominated the volume over the full day. Net buying occurred for only 10 of the 24 hours, with a total spot volume of $109,636,712 recorded across 612,760 trades.
The latest daily buy ratio of 37.6% sits at the 0th percentile of the last 322 days, against a median of 48.9% - among the weakest buying days it has had.
Was that an ordinary day?
The same Binance spot measurements for DOGE, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 48.2%, making the current 24-hour ratio of 49.4% slightly higher by 1.2 points. Trading volume over the last day was 2.36 times the weekly average, indicating a notable spike in activity. However, the 8-day volume delta total was -$12,072,011, showing that despite the volume spike, net selling pressure has persisted over the longer term. Price has increased by 3.8% over the last 8 days, with only 2 of the past 7 days showing net buying. This suggests that while activity is unusually high compared to the weekly average, the underlying trend remains mixed with more days of net selling than buying.