In this episode of Chain Reaction, we cover the CFTC's historic approval of spot cryptocurrency trading on regulated U.S. exchanges, marking a major regulatory milestone for the industry. Bitcoin is currently trading at eighty-nine thousand six hundred and thirty-three dollars as traders watch a critical support level at eighty-two thousand one hundred and fifty dollars. We explore BlackRock's confirmation that sovereign wealth funds are accumulating Bitcoin during recent market weakness, institutional adoption accelerating through Vanguard and Charles Schwab, and contrasting analyst outlooks predicting either an extended bull run through twenty twenty-seven or a potential sixty percent decline. Also on deck: Ethereum options traders showing more bullish positioning than Bitcoin counterparts, Trump's national security strategy potentially impacting crypto markets through inflation pressures, and MicroStrategy facing steep analyst price target cuts while maintaining long-term bullish outlooks. Plus, international developments including Malaysia's crackdown on Bitcoin mining operations that stole one point one billion dollars in electricity, Russia's VTB Bank preparing to offer spot crypto trading, and Turkey's largest crypto acquisition valued at two hundred and forty million dollars. We'll break down how recent market sentiment diverges sharply from institutional flows, what it means for the months ahead, and why key technical indicators could determine the next major market move.