Bitcoin Soars to $99K—One Whale Loses $1.6M on the Ride Up. Here’s Why Bulls Don’t Care
Another day, another crypto whale getting wrecked by volatility. This time, a single trader bled $1.6M as BTC surged toward $99K—proof that even ’smart money’ can mistime the market.
Bullish signals? Institutional inflows hit record highs this week, with BlackRock’s ETF scooping up 12,000 BTC in 48 hours. Meanwhile, retail FOMO is creeping back: Coinbase app downloads spiked 300% month-over-month.
The cynical take: Wall Street always finds a way to profit—whether from your euphoria or your panic.
The Bullish Case for Bitcoin (BTC)
Bitcoin’s price surge came after the US Federal Reserve announced the interest rates will remain steady at 4.25% to 4.50%, according to CNBC. The leading digital asset recorded high volatility before the FOMC meeting on May 7.
This triggered bullish momentum for financial markets. The S&P 500 index gained 0.43% while the CBOE Volatility Index (VIX) dropped 7.71%.
As Bitcoin started to rise, a whale that had been inactive for four months bought 100 BTC for $9.78 million.
A whale bought 100 $BTC($9.78M) after the $BTC price rose.
This whale sold 100 $BTC at $101,874 4 months ago, and after 4 months of inactivity, he started buying back $BTC at a lower price.https://t.co/XSuQ18gxT5 pic.twitter.com/Vg4jfuGOg3
— Lookonchain (@lookonchain) May 8, 2025
Increasing whale accumulation will push the Bitcoin price since there are no expectations of a selloff from analysts.
The positive inflows from the US-based spot BTC exchange-traded funds also strengthened the positivity around Bitcoin. SoSoValue data shows a net inflow of $142 million for these investment products.
Analysts at Bitfinex, a leading crypto exchange, expect Bitcoin to break its all-time high of $109,000 if the $95,000 support holds.
nextBitcoin Rally to $99K Costs This Whale $1.6M: What’s Bullish Case?