This episode examines Bitcoin’s forty-seven percent drawdown from October highs, the fifty-eight percent contraction in futures open interest from ninety-five billion to forty billion dollars, and sustained spot ETF outflows totaling six billion dollars over four months. We cover the technical breakdown below the eighty thousand dollar support level, the release of Federal Reserve FOMC minutes against core inflation holding at two point five percent, and the structural reduction in institutional participation including Harvard University’s exposure decrease. The briefing analyzes how declining leveraged positioning, authorized participant redemption mechanics, and Fed policy transmission through real yield calculations are reshaping capital flows across regulated digital asset venues.