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My guess is that since it gave you the battle buff for 8 minutes whenever you used it (making the battle potion obsolete) and reset the timer on the buff if used again Sam considered it OP and removed it.
Why not make a hurricane in a bottle? It would have the same animation as a cthulunado (giant tornados created by duke fishron) and allows you ride it for 15 seconds and you could make the balloon version and add it to the giant weighted honey balloon bundle