Nvidia Earnings Ignite Bitcoin’s $80K Rebound: ETFs, Premiums, and Market Tensions

(SeaPRwire) –   By: Oliver Hawthorne

Bitcoin’s return to $80,000 isn’t just a price move—it’s a story tied to Nvidia’s seismic earnings. Nvidia posted Q2 revenue of $96.2 billion, trouncing expectations by nearly $4 billion. Its stock soared over 9% on Thursday, adding over $400 billion to its market cap in a single session. The tech rally lifted the Nasdaq Composite by 1%, dragging crypto markets upward. Bitcoin hit a local high of $80,808, riding the wave of Nvidia’s success.

US spot Bitcoin ETFs have been on a tear. They notched $242 million in net inflows on August 27, extending a nine-day streak of inflows. Total inflows during this streak stand at $3.51 billion, the highest since October 2025. BlackRock’s IBIT has led the charge. Meanwhile, Bitcoin’s Coinbase Premium indicator flipped positive for the first time since May, per Coinglass. This means BTC trades at a higher price on Coinbase than Binance, signaling stronger demand from US buyers. Analyst Ted Pillows noted Bitcoin reclaimed the 200-week EMA and Bull Market Support Band, now approaching its $83,000 resistance zone. A weekly close above $83K could confirm the bear market bottom.

Crypto liquidations hit around $417 million over 24 hours, with much pressure from ask liquidity between current levels and $86,000. Analyst David Eng said the sell wall above $82,000 is weakening ahead of a $6.58 billion options expiry on Deribit. He stated, “Break $82K and the path to $85K+ gets much cleaner.” The 50-week simple moving average, near $81,000, is a key level to clear. Markets are also watching Fed Chair Kevin Warsh’s Jackson Hole speech on Friday. Nationwide chief economist Kathy Bostjancic called it “extremely key” due to rising long-term rates and inflation uncertainty. Bitcoin’s fate now balances on ETF inflows, options expiry, and Fed rhetoric. Author bio: Oliver Hawthorne, Principal Correspondent permanently stationed at an international technology review