In today's episode of Chain Reaction by Capital Copilot, we cover the severe cryptocurrency market crash that wiped over two billion dollars in leveraged positions within twenty-four hours. Bitcoin plummeted to eighty-one thousand dollars before recovering slightly, while Ethereum fell below twenty-seven hundred dollars. We examine what triggered this dramatic sell-off, from strong U.S. jobs data reducing rate-cut expectations to historic ETF outflows totaling three billion dollars. Plus, we explore critical developments including MicroStrategy's response to index delisting concerns, BitMine's four billion dollar unrealized loss, and how institutional selling patterns differ dramatically between U.S. and Asian trading sessions. With sentiment hitting extreme fear and technical indicators showing death crosses, we analyze whether this represents a tactical bottom or the start of deeper losses ahead.