Bitcoin eyes $85K as ETF inflows and whale buying boost bullish momentum despite macro and geopolitical risks.

Bitcoin (BTC) is gaining bullish momentum with nearly 12% gains in the past month, supported by rising ETF inflows totaling $1.7 billion and increased whale accumulation of 10,000 BTC in May. Open interest in Bitcoin futures has also jumped 49% since March, signaling improved market sentiment. BTC is approaching a critical resistance at the 50-week EMA near $85,700, which will determine if the rally continues or a correction occurs. Despite macroeconomic uncertainties and geopolitical tensions, the combination of strong whale activity, ETF investments, and technical signals suggests a potential rise above $85,000 in the near term, possibly triggering a strong rally.