12 月 31 日，据 Lookonchain 监测，Arthur Hayes 增持 486 万枚 ENA，约 98.6 万美元，以及 697,851 枚 ETHFI，约 48.5 万美元。

<div><p>12 月 31 日，据 Lookonchain 监测，Arthur Hayes 增持 486 万枚 ENA，约 98.6 万美元，以及 697,851 枚 ETHFI，约 48.5 万美元。</p></div>

Arthur Hayes增持486万枚ENA和697,851枚ETHFI

On December 31, according to Lookonchain monitoring, Arthur Hayes increased his holdings by 4.86 million ENA, approximately $986,000, and 697,851 ETHFI, approximately $485,000.

<div><p>On December 31, according to Lookonchain monitoring, Arthur Hayes increased his holdings by 4.86 million ENA, approximately $986,000, and 697,851 ETHFI, approximately $485,000.</p></div>

Arthur Hayes increased his holdings by 4.86 million ENA and 697,851 ETHFI.

The Pi Network community is raising the alarm about a new scam that has emerged, resulting in millions of Pi Token being stolen from users' wallets.
This scam exploits the payment request feature...

Pi Network has temporarily suspended payment requests after being scammed out of 4.4 million Pi coins.

The charts speak for themselves, and market sentiment has shifted accordingly. As 2025 draws to a close, we must face reality: Bitcoin has officially entered a bear market.

For months, traders and analysts have debated whether the price action was merely a consolidation phase or a deeper correction. Now, confirmation signals have arrived, not only in price but also in on-chain data, reversals in capital flows, and the convergence of fragmented market structures. While the term "bear market" often triggers panic, understanding the mechanisms behind this downturn is the first step to navigating this difficult period successfully.

This in-depth analysis will break down the factors defining the current landscape at the end of 2025...

Bitcoin has officially entered a bear market: On-chain evidence, fund flows, and how investors can profit.

There is no eternal winter or summer in crypto; survival is the only narrative.