TLDR
- Bitcoin reclaimed $80,000 after Nvidia posted Q2 earnings of $96.2 billion, beating expectations by ~$4 billion
- US spot Bitcoin ETFs recorded $242 million in net inflows on Aug. 27, extending a 9-day streak
- Bitcoin’s Coinbase Premium flipped positive for the first time since May, signaling stronger US demand
- Analyst David Eng says the sell wall above $82,000 is weakening ahead of a $6.58 billion options expiry
- Fed Chair Kevin Warsh’s Jackson Hole speech on Friday is being watched closely by markets
Bitcoin climbed back above $80,000 on Thursday, hitting a local high of $80,808 on the back of a strong earnings report from Nvidia.
Nvidia posted Q2 revenue of $96.2 billion, beating Wall Street expectations by nearly $4 billion. Its stock jumped more than 9% on Thursday, adding over $400 billion to its market cap in a single session. Trading resource The Kobeissi Letter noted on X that Nvidia was “on track to post the 3rd largest single-day market cap gain by a stock in history.”
The tech rally lifted the Nasdaq Composite by 1% and pulled crypto markets higher alongside it.
Analyst Ted Pillows noted on X that Bitcoin had reclaimed both the 200-week EMA and the Bull Market Support Band. He told his followers that BTC is now approaching its $83,000 resistance zone, and that a weekly close above that level would confirm the bear market bottom is in.
$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 Inflows Hit Highest Level Since October 2025
US spot Bitcoin ETFs have now seen nine straight days of net inflows. On August 27 alone, they pulled in $242 million. Total inflows over the streak stand at $3.51 billion, the highest tally since October 2025, according to 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 has led the charge. Many of these ETFs use Coinbase as a custodian, which ties into another data point drawing attention.
Bitcoin’s Coinbase Premium indicator flipped positive on Friday for the first time since May, according to Coinglass. This means BTC is trading at a higher price on Coinbase than on Binance, pointing to stronger demand from US-based buyers.
Options Expiry Could Shift the Picture
Crypto liquidations ran at around $417 million over 24 hours, per CoinGlass data. Much of that pressure came from an area of heavy ask liquidity between current levels and $86,000.
Analyst David Eng described that liquidity wall as “weakening” ahead of Friday’s $6.58 billion options expiry on Deribit. He said on X: “Break $82K and the path to $85K+ gets much cleaner.”
$BTC: THE $82K WALL IS WEAKENING
BTC: $80.6K
Max gamma: $80K
Call wall: $82K
Next major level: $85KTomorrow, 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 sits near $81,000 and has been flagged by analysts as a key level that needs to be cleared.
Markets are also watching Fed Chair Kevin Warsh’s keynote speech at the Jackson Hole symposium on Friday. Nationwide chief economist Kathy Bostjancic called the address “extremely key” given recent jumps in long-term interest rates and uncertainty around inflation.
Bitcoin spot ETFs also recorded a ninth consecutive day of inflows on August 27, with $242 million entering the market that day alone.
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