Despite short-term bearish bets from a successful Hyperliquid whale, a growing US Fed balance sheet and rising inflation support Bitcoin in the long term. Bitcoin (BTC) failed to sustain bullish momentum on Wednesday, retreating below the psychological $80,000 level. Traders grew anxious as persistently high oil prices applied pressure to inflation and consumer spending. A Hyperliquid whale with $42 million in historical profits flipped bearish, leaving investors to question whether the recent rally is losing its foundation. Hyperliquid whale 0x8def…992dae profit/loss, USD. CoinGlass The Hyperliquid whale at address 0x8def…992dae recently opened a $70 million bearish position on various cryptocurrencies and synthetic tokens tied to major technology stocks. According to the Hyperdash trading and data platform, the address belongs to Loracle, an early developer within the Hyperliquid ecosystem. This account began betting more aggressively in September 2025. Related: Bitcoin price targets $79K as US PPI inflation hits highest since 2022 Interestingly, the majority of this whale's past profits were generated through bullish bets, including several successful trades over the last month. A long position in Bitcoin, Zcash (ZEC), and Toncoin (TON) closed on Monday, netting a $9.2 million profit in just two weeks. On Thursday, the same entity secured a $3 million profit on bullish synthetic tokens linked to oil prices after a nine-day hold. Hyperliquid whale 0x94d373…c933814 position on May 13. app.trade.xyz Over the past week, this whale flipped bearishly by accumulating a massive $49 million short position on HYPE. These bets on downside price movements expanded to include a $12.5 million short in Bitcoin, alongside $8 million in synthetic tokens tracking chipmaker Sandisk (SNDK US) and the Nasdaq-100 Index.