@boogeying
Bitcoin dropped to $81.6k, with Ethereum and others also down sharply.
ETF outflows grew as strong jobs data dimmed rate-cut hopes.
Bitcoin's technicals weakened, with RSI at a multi-year low.
Major holders sold large amounts of BTC and ETH.
Institutional pressure mounted from index concerns and mining losses.
A software glitch may have worsened the sell-off.
Despite the slump, new crypto legislation and corporate moves emerged, including a major BTC purchase plan and expanded real-world asset o