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Bitcoin Mirrors 2017 Rally as Whale Bets $100M at Market Peak

  • Technical analyst Merlijn The Trader compares Bitcoin's 2025 rally to the 2017 one, noting a similar pattern but on a much larger scale.
  • The current Bitcoin chart shows potential for exponential gains as it surpasses $100,000, with similarities to the breakout stages seen in 2017.
  • A whale trader placed a $100M+ long bet at $105,890, which turned out to be near the market peak, risking liquidation at $104,600.
  • While analysts predict a bullish supercycle, caution is advised due to short-term volatility and risks associated with high-leverage positions.

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