Bitcoin nears $81K as ETF inflows and whale buying boost demand amid mixed network activity.

Bitcoin rose to around $81,025 on May 5, supported by $1.16 billion inflows into U.S. spot Bitcoin ETFs and whale purchases of 4,527 BTC worth $362 million. Despite the price rally, on-chain activity hit two-year lows, suggesting the surge is driven more by institutional demand and large holders than broad retail participation. Analysts highlight a key resistance near $83,000, with potential targets at $89,000 and $94,000 if Bitcoin closes above the 200-day moving average. Market conditions also improved due to reduced geopolitical tensions and better miner returns.