Key HighlightsBitcoin surged past $80,000 following Nvidia’s impressive Q2 revenue of $96.2 billion, which exceeded analyst forecasts by approximately $4 billionSpot Bitcoin ETFs in the United States attracted $242 million in net inflows on August 27, marking a ninth consecutive day of positive flowsThe Coinbase Premium indicator for Bitcoin turned positive for the first time since May, indicating increased purchasing activity from US tradersMarket analyst David Eng suggests the resistance barrier above $82,000 is showing signs of weakness before Friday’s $6.58 billion options expirationTraders are closely monitoring Fed Chair Kevin Warsh’s upcoming Jackson Hole address scheduled for FridayBitcoin regained the critical $80,000 level on Thursday, reaching an intraday peak of $80,808 following impressive quarterly results from chipmaker Nvidia.Bitcoin (BTC) PriceNvidia reported second-quarter revenue totaling $96.2 billion, surpassing Wall Street projections by close to $4 billion. The company’s shares soared over 9% during Thursday’s trading session, boosting its market capitalization by more than $400 billion within hours. Market commentary platform The Kobeissi Letter highlighted on X that Nvidia appeared “on track to post the 3rd largest single-day market cap gain by a stock in history.”The technology sector’s rally boosted the Nasdaq Composite index by 1% and triggered corresponding gains across cryptocurrency markets.Market analyst Ted Pillows observed 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 currently testing its $83,000 resistance zone, with a weekly close above that threshold potentially confirming the end of the bear market phase.$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, 2026ETF Capital Flows Reach Levels Not Seen Since October 2025Spot Bitcoin exchange-traded funds in the United States have maintained positive net inflows for nine consecutive trading days. August 27 alone witnessed $242 million in fresh capital. The cumulative inflows during this streak 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 StreakOn 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, 2026BlackRock’s IBIT product has dominated these inflows. Since numerous ETFs utilize Coinbase for custody services, this connects to another significant market indicator gaining attention.Bitcoin’s Coinbase Premium metric turned positive on Friday for the first time since May, as reported by Coinglass. This indicates that BTC is commanding a premium on Coinbase compared to Binance, suggesting heightened buying interest from American market participants.Approaching Options Expiration May Trigger Market MovementCryptocurrency liquidations totaled approximately $417 million during the past 24 hours, according to CoinGlass tracking. A substantial portion of this selling pressure originated from concentrated ask liquidity positioned between current price levels and $86,000.Market analyst David Eng characterized this liquidity barrier as showing signs of “weakening” in advance of Friday’s massive $6.58 billion options expiration event on Deribit. He stated on X: “Break $82K and the path to $85K+ gets much cleaner.”$BTC: THE $82K WALL IS WEAKENINGBTC: $80.6KMax gamma: $80KCall wall: $82KNext 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, 2026The 50-week simple moving average currently rests around $81,000 and has been identified by market technicians as a critical threshold requiring a decisive break.Financial markets are also anticipating Fed Chair Kevin Warsh’s keynote presentation at the Jackson Hole economic symposium on Friday. Nationwide’s chief economist Kathy Bostjancic characterized the speech as “extremely key” considering recent increases in long-term interest rates and ongoing inflation uncertainty.The streak of positive inflows into Bitcoin spot ETFs reached its ninth consecutive session on August 27, with that single day contributing $242 million to the total.The post Bitcoin (BTC) Surges Past $80K as Nvidia Earnings Exceed Expectations appeared first on Blockonomi.