Why Nvidia’s Earnings Might Be the Secret Sauce for Bitcoin’s Wild Ride!

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The Lowdown:

  • In a shocking twist, Nvidia earnings and Bitcoin price action have been besties 7 times out of 10 since early 2023.
  • Options market is forecasting a mild 6.1% move – the smallest swing since May 2023. What a snooze fest!

The titan of tech, Nvidia (NVDA), which is basically the wealthiest entity in existence with a cool $4.4 trillion market cap, will be announcing earnings after the U.S. market closes on Wednesday. Who’s excited? 😅

Now, grab your popcorn 🍿 because here’s the scoop: according to Bitcoindata21 on X, Nvidia’s earnings have been eerily aligned with Bitcoin’s price-like two peas in a pod-posting a happy, positive correlation in 7 out of the last 10 quarters since the dawn of the current bull market in early 2023. Coincidence? Probably not. Or maybe it is? 🤔

Hold on, analysts are calling for Nvidia to report adjusted earnings per share of $1.01 and a mind-blowing revenue of $46.2 billion. I mean, *whoa*-but not the “wow” kind, the “is this a glitch?” kind of whoa.

Oh, and in case you’re wondering, the options market is being all cryptic and pricing in a 6.1% implied move post-earnings. This translates to a potential $270 billion market cap swing. A *modest* shift by market standards-only the smallest move since May 2023. Can someone wake me up when it gets exciting? 😜

And let’s not forget Nvidia’s stock performance. It’s up a comfy 30% this year and a generous 41% over the last 12 months. But, for now, the stock seems to be in a bit of a pre-earnings hibernation mode, slipping modestly in early Wednesday trading. Hold your breath-something big’s coming! 🚀

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2025-08-27 18:11