The Bitcoin market is buzzing with both deja vu and drama. According to technical analyst Merlijn The Trader, Bitcoin’s 2025 price movement is uncannily similar to the explosive 2017 rally—but on a much grander scale.
Meanwhile, a massive $100M+ long entry by a whale trader has drawn sharp attention after it hit what now appears to be the local top.
2017 vs. 2025: Same Pattern, Bigger Scale
Merlijn highlights a chart comparison that draws parallels between Bitcoin’s breakout in mid-2017 and its current price structure in 2025. Both patterns show a fakeout followed by a strong breakout, but with a key difference—this time, the move is 27 times larger in scale.
“2025 isn’t just another 2017 rally,” Merlijn stated. “It’s the supercycle we’ve been waiting for.”
On the 2025 chart, BTC recently confirmed a bullish structure above the $70,000–$80,000 region and has now surged past $100,000. The green and red arrows mark similar stages of breakout and consolidation seen during the 2017 run to $20K, reinforcing the potential for exponential gains.
Whale Gamble Backfires at $105K
While macro patterns look bullish, short-term volatility remains high. As reported by DaanCrypto, the infamous “Hyperliquid Whale” returned with another high-stakes bet—depositing $2.5 million to open a long position worth over $100 million at $105,890.
However, the entry turned out to be the pico top, with Bitcoin reversing immediately afterward. The whale’s liquidation price now sits at $104,600, just $300 away from the current price, raising the possibility of a swift liquidation if the market dips slightly further.
Conclusion
As Bitcoin tracks an eerily similar path to its historic 2017 rally—with analysts calling for a supercycle—short-term risks persist. While the macro trend may favor bulls, high-leverage positions like the one placed by the Hyperliquid Whale underscore the dangers of mistiming entries in a volatile market.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/market/bitcoin-mirrors-2017-rally-as-whale-bets-100m-at-market-peak/