
BTC, DOGE, DOGS, ZORA & BGB: A Crypto Cocktail of Culture, Power, and Utility
Crypto isn’t a one-size-fits-all space. It's a living, breathing ecosystem made up of serious innovation, cultural icons, and community-driven momentum. If you're looking for a snapshot of where the market's energy is flowing, look no further than this group: BTC, DOGE, DOGS, ZORA, and BGB.
BTC is the cornerstone — the original force that started it all. While it no longer shocks with massive gains like in the early days, it now stands as a symbol of financial resilience. With growing interest from institutions and global investors, Bitcoin is more than a token — it’s the digital foundation for economic sovereignty in a shaky world.
DOGE, meanwhile, keeps proving the power of culture. Once a joke, now a movement, it’s widely adopted for tipping, transactions, and even accepted by merchants. It blends lighthearted appeal with real utility — a combination few assets achieve.
Enter DOGS — the next-generation meme coin that’s sprinting toward the spotlight. With its loud branding and fast-growing base, DOGS is gaining steam in both sentiment and creativity. Whether it's NFTs or community events, this underdog is barking loudly.
ZORA brings a different kind of value: digital culture infrastructure. Built for creators, it's laying down the rails for a decentralized art and content economy. It’s not just a trend — it’s the beginning of a cultural shift on-chain.
And then there’s BGB, quietly powering user benefits through functionality. From trading rewards to ecosystem perks, it’s a practical, everyday asset that grows stronger with every new platform feature.
Together, these five tokens form a bridge between past, present, and future — and they show just how vast and vibrant the crypto space has become.$BTC $DOGE $DOGS $ZORA $BGB
Bitcoin Long-Term Holders Accumulate as Short-Term Traders Capitulate: CryptoQuant
Bitcoin has resurged past the $90,000 mark and has benefited long-term holders over short-term holders, but beneath the surface, there is more.
According to recent data by on-chain analytics firm CryptoQuant, a clear divergence is emerging between long-term and short-term Bitcoin holders.
Behind the Scenes: What Bitcoin Smart Holders Are Doing Right Now“If long-term participants continue increasing their positions, while short-term supply gets flushed out. This setup may serve as a constructive base for future price recovery.” – By — CryptoQuant.com (@cryptoquant_com)
While the long-term holders are quietly increasing their positions, the short-term holders, however, appear to be succumbing to fear and uncertainty, offloading assets in times of weakness.
According to the , the Net Position Change metric for Long-Term Holders (LTH), defined as those holding Bitcoin for more than 155 days, has turned positive for the first time since the last market peak.
This signals a notable shift in market sentiment among seasoned investors who are strategically re-entering the market.
Their steady accumulation marks a departure from the distribution behavior seen in previous months, a pattern often interpreted as cyclical repositioning rather than reactionary moves.
In contrast, Short-Term Holders (STH), those holding Bitcoin for less than 155 days, are continuing to capitulate. Their Net Position Change remains deep in negative territory.
Historically, such divergence between long- and short-term investor behavior has served as a precursor to broader market recoveries. Rising Futures Activity and Liquidity Point to Renewed Confidence
While on-chain data paints a picture of strategic accumulation, derivatives market behavior is also flashing bullish signals.
CryptoQuant analyst Axel Adler Jr. a significant spike in futures market activity over the past three days, with traders opening Bitcoin positions totaling 57,000 BTC, valued at approximately $5.34 billion at the current price level.
Over the last three days, positions totaling 57,000 BTC were opened in the futures market, worth $5.345B at the current rate. This is the largest liquidity increase in the past year. — Axel 💎🙌 Adler Jr (@AxelAdlerJr)
This marks the largest liquidity influx in the futures market in over a year, coinciding with Bitcoin breaking through the $93,000 threshold.
Supporting this surge, data from reveals that long positions on Bitcoin have surged by over 33%, reaching a 24-hour volume of $74.4 billion. Meanwhile, short positions have declined by 27.5%, dropping to $68.2 billion. Source: CoinGlass
As of April 23, long positions now make up over 44% of all open interest. Total futures open interest has also hit a new high of $121.6 billion, led by platforms such as CME and Binance.
This wave of liquidity and leveraged positioning indicates a renewed bullish conviction among traders.
However, on the flip side, there is a heightened leverage that increases market fragility. Any sharp price correction could trigger a cascading series of liquidations, thereby exacerbating volatility.
Still, this influx of capital points to a market preparing for a potential breakout, rather than retreat.Macroeconomic Tailwinds and Technical Breakouts Add Momentum
Beyond investor behavior, broader macroeconomic developments have also contributed to Bitcoin’s recent rally.
A significant contributing factor has been the perceived easing of tensions in the ongoing US-China trade war.
U.S. Treasury Secretary Scott Bessent’s on April 22, describing the current tariff standoff as “unsustainable,” have sparked optimism for de-escalation.
President Trump to this sentiment by stating that tariffs on Chinese goods would be “substantially reduced,” while also reaffirming confidence in Federal Reserve Chair Jerome Powell.
These geopolitical signals have helped restore investor confidence across risk-on assets, with the cryptocurrency market particularly responsive.
As a result, Bitcoin climbed to as high as $94,000 on April 23, while the total crypto market capitalization surged by 6.7% to $2.94 trillion. Ether also saw a sharp rise, jumping by 13% in the same time frame.Source: Cryptonews
Technical indicators are also aligning in Bitcoin’s favor. CryptoQuant analyst ShayanBTC a sharp reversal in Bitcoin’s futures funding rates, which had previously declined during the last correction.
Bitcoin Funding Rates Highlight Weak Derivatives Demand“The current state of Funding Rates aligns with the broader market's sentiment, where participants exhibit hesitation, particularly after the rejection at $108K.” – By Link 👇 — CryptoQuant.com (@cryptoquant_com)
Historically, a simultaneous drop in price and funding rates indicates a reduction in speculative froth.
The recent surge in funding rates suggests renewed interest in long positions and may signal that market sentiment is shifting decisively bullish.
At the broader market level, the total market cap has broken out of a falling wedge pattern, a bullish technical formation.
After successfully retesting the upper resistance of the wedge at $2.6 trillion and breaching the 50-day simple moving average at $2.68 trillion, the market is now targeting the wedge’s technical projection of $3.12 trillion. Source:
Before reaching that target, however, bulls must clear the 100-day and 200-day moving averages, which form a significant resistance zone between $2.93 trillion and $2.94 trillion.Source: TradingView
Another technical driver behind Bitcoin’s current surge is the short squeeze. In the last 24 hours alone, more than $624 million in crypto positions were liquidated, including $545 million in short positions.
CoinGlass highlighted this as the largest short liquidation event of the year so far, surpassing the $426 million liquidated during a sharp rally on November 6.
As it stands, Bitcoin’s climb back above $90,000 might just be the beginning. It is underpinned by multiple converging factors as mentioned above.
Should these trends continue to align, the current price action may be setting the stage for Bitcoin’s next major upward leg, a potential challenge to its all-time highs$BTC