11 月 5 日，彭博咨询 ETF 分析师 Eric Balchunas 在社交媒体上发文表示，BTC 今日突然上涨，或是对美国总统选举的反应之一。其个人认为，BTC 似乎是一个明确的指标，因为它是竞选中涉及到的一个问题，而股票和债券则不那么重要。

<div><p>11 月 5 日，彭博咨询 ETF 分析师 Eric Balchunas 在社交媒体上发文表示，BTC 今日突然上涨，或是对美国总统选举的反应之一。其个人认为，BTC 似乎是一个明确的指标，因为它是竞选中涉及到的一个问题，而股票和债券则不那么重要。</p></div>

彭博ETF分析师：BTC上涨受大选影响，该指标相比股票而言更为明确

On November 5, Bloomberg ETF analyst <Eric Balchunas> posted on social media that BTC suddenly surged today, which may be one of the reactions to the US presidential election. He personally believes that BTC seems to be a clear indicator, as it is an issue involved in the campaign, while stocks and bonds are not as important.

<div><p>On November 5, Bloomberg ETF analyst Eric Balchunas posted on social media that BTC suddenly surged today, which may be one of the reactions to the US presidential election. He personally believes that BTC seems to be a clear indicator, as it is an issue involved in the campaign, while stocks and bonds are not as important.</p></div>

Bloomberg ETF analyst: BTC's rise is affected by the election, and this indicator is clearer than stocks

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.

A business backed by football star David Beckham has unexpectedly abandoned plans to expand its Bitcoin holdings, despite having recently successfully raised tens of millions of dollars with the goal of building a...

David Beckham-backed company abandons plans to buy Bitcoin.

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...