两周前我就想约小企鹅的年终总结分享，当时哥说他还在筹备打磨，终于出来了——  @Goupenguin
非常值得看看：《挖矿小企鹅25年终总结+26投资展望》https://shimo.im/docs/zdkydQdJNPHWYWq6/read…
>克服人性的弱点，做聪明的投资者，要做金融就研究价格背后变动的原因
>生存指南：
降杠杆、降频率： 解决99%不赚钱的问题。

挖矿小企鹅25年终总结+26 投资展望 https://x.com/i/broadcasts/1ypJdqBEEwYxW…

挖矿小企鹅｜进群私信

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Two weeks ago I wanted to arrange a sharing session for Little Penguin's year-end summary. At the time, he said he was still preparing and polishing it, but it's finally out—@Goupenguin Highly recommended: "Little Penguin's 2025 Year-End Summary + 2026 Investment Outlook" | _2024111120230_ |

>Overcome human weaknesses, be a smart investor; to succeed in finance, study the reasons behind price changes.

>Survival Guide: Reduce leverage, reduce frequency: Solve the problem of 99% of people not making money.

Written by: Ugo Translated by: Luffy, Foresight News In February 2024, I entered the world of Meme coin trading with $80, only to lose it all. I've had this kind of disastrous experience twice.<br/...

Using wallet tracking, he turned $50 into a millionaire at age 18.

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

A Retrospective of Crypto Project Fatalities in 2025: Nearly $700 Million in Funding Raised, Former Star Projects Exit One After Another

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...