Bitcoin (BTC) Surges Past $80K as Nvidia Earnings Exceed Forecasts

TLDR

Table of Contents

Bitcoin surged past $80,000 following Nvidia’s Q2 revenue report of $96.2 billion, which exceeded forecasts by approximately $4 billion
Spot Bitcoin ETFs in the United States saw $242 million in net inflows on Aug. 27, marking a 9-day consecutive streak
The Coinbase Premium for Bitcoin turned positive for the first time since May, indicating heightened demand from US investors
David Eng, market analyst, notes the resistance barrier above $82,000 is showing signs of weakness before Friday’s $6.58 billion options expiration
Market participants are closely monitoring Fed Chair Kevin Warsh’s upcoming Jackson Hole address scheduled for Friday

Bitcoin successfully reclaimed the $80,000 threshold on Thursday, reaching an intraday peak of $80,808, fueled by impressive quarterly results from chip giant Nvidia.

Nvidia reported second-quarter revenue reaching $96.2 billion, surpassing Wall Street projections by approximately $4 billion. Shares of the semiconductor company soared over 9% during Thursday’s trading session, delivering more than $400 billion in added market capitalization within a single day. Market commentary platform The Kobeissi Letter highlighted on X that Nvidia was “poised to record the third-largest single-session market cap increase by any stock in trading history.”

The technology sector’s momentum pushed the Nasdaq Composite up by 1% and created a ripple effect that elevated cryptocurrency valuations in tandem.

Market analyst Ted Pillows pointed out on X that Bitcoin had successfully recaptured both the 200-week exponential moving average and the Bull Market Support Band. He informed his audience that BTC is now testing its $83,000 resistance threshold, adding that a weekly candle close above this level would validate that the bear market bottom has been established.

$BTC is almost at the $80,000 level again.
The 200W EMA and Bull Market Support Band have been reclaimed, and now Bitcoin is approaching its $83,000 resistance zone.
A weekly close above it means the bear market bottom is in. pic.twitter.com/Ij8bu2kLec
— Ted (@TedPillows) August 27, 2026

ETF Capital Flows Reach Peak Not Seen Since October 2025

Spot Bitcoin exchange-traded funds in the United States have maintained positive net inflows for nine consecutive trading sessions. August 27 alone witnessed $242 million in fresh capital. Cumulative inflows throughout this period total $3.51 billion, representing the strongest performance since October 2025, based on data from SoSoValue.

Bitcoin Spot ETFs See $242 Million in Net Inflows, Extending 9-Day Inflow Streak
On Aug. 27 (ET), U.S. spot Bitcoin ETFs recorded $242 million in net inflows, extending their streak to nine consecutive days. Spot Ethereum ETFs saw $235 million in net inflows, also marking nine… pic.twitter.com/JLJpZ8CGyy
— Wu Blockchain (@WuBlockchain) August 28, 2026

BlackRock’s IBIT product has been the primary driver behind this influx. Several of these exchange-traded products utilize Coinbase for custody services, which connects to another noteworthy market indicator gaining traction.

Bitcoin’s Coinbase Premium metric shifted into positive territory on Friday for the first time since May, according to data from Coinglass. This indicates BTC is commanding a higher valuation on Coinbase relative to Binance, reflecting intensified purchasing activity from United States-based market participants.

Upcoming Options Expiration May Alter Market Dynamics

Cryptocurrency liquidations totaled approximately $417 million across a 24-hour window, based on CoinGlass metrics. A substantial portion of this selling pressure originated from a zone of concentrated ask-side liquidity positioned between current price levels and $86,000.

Market analyst David Eng characterized this liquidity barrier as “deteriorating” in advance of Friday’s $6.58 billion options expiration event on Deribit. He stated on X: “Penetrate $82K and the trajectory toward $85K+ becomes significantly more accessible.”

$BTC: THE $82K WALL IS WEAKENING
BTC: $80.6K
Max gamma: $80K
Call wall: $82K
Next major level: $85K
Tomorrow, 25.7% of gross gamma expires.
Meanwhile, 30-day calls are trading richer than puts.
Translation:
BTC is compressed under resistance just as the derivatives… pic.twitter.com/Tm6PbBN6wm
— David (@david_eng_mba) August 27, 2026

The 50-week simple moving average hovers around $81,000 and has been identified by market observers as a critical threshold requiring confirmation.

Financial markets are simultaneously tracking Fed Chair Kevin Warsh’s scheduled keynote presentation at the Jackson Hole economic symposium on Friday. Nationwide’s chief economist Kathy Bostjancic characterized the speech as “exceptionally critical” considering recent upward movements in long-term interest rates and persistent uncertainty surrounding inflation trajectories.

Spot Bitcoin exchange-traded funds also logged their ninth straight day of positive capital flows on August 27, attracting $242 million in fresh investment during that trading session.