4 月 29 日，据 Farside Investors 数据，截至发稿，昨日美国比特币现货 ETF：
富达 FBTC 净流出 8690 万美元；
BITB 净流出 2110 万美元；
ARKB 净流出 2.263 亿美元；
HODL 净流出 270 万美元；
灰度 GBTC 净流出 4270 万美元。
昨日美国以太坊现货 ETF：
ETHW 净流出 340 万美元。

<div>4 月 29 日，据 Farside Investors 数据，截至发稿，昨日美国比特币现货 ETF：富达 FBTC 净流出 8690 万美元；BITB 净流出 2110 万美元；ARKB 净流出 2.263 亿美元；HODL 净流出 270 万美元；灰度 GBTC 净流出 4270 万美元。昨日美国以太坊现货 ETF：ETHW 净流出 340 万美元。</div>

昨日ARKB净流出2.263亿美元，富达FBTC净流出8690万美元

On April 29, according to Farside Investors data, as of the time of writing, yesterday's US Bitcoin spot ETFs:
Fidelity FBTC net outflow of $86.9 million;
BITB net outflow of $21.1 million;
ARKB net outflow of $226.3 million;
HODL net outflow of $2.7 million;
Grayscale GBTC net outflow of $42.7 million.
Yesterday's US Ethereum spot ETFs:
ETHW net outflow of $3.4 million.

<div>On April 29, according to Farside Investors data, as of the time of writing, yesterday's US BTC spot ETF:Fidelity FBTC net outflow of $86.9 million;BITB net outflow of $21.1 million;ARKB net outflow of $226.3 million;HODL net outflow of $2.7 million;Grayscale GBTC net outflow of $42.7 million.Yesterday's US ETH spot ETF:ETHW net outflow of $3.4 million.</div>

Yesterday, ARKB had a net outflow of $226.3 million, and Fidelity FBTC had a net outflow of $86.9 million

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.