据 Artemis 数据，2025 年以来各公链净资金流入排名中，以太坊表现最强，净流入约 42 亿美元，位居首位。其后依次为 Hyperliquid、Sonic、WorldChain、Solana 等。与此同时，多条链出现显著资金外流，其中 Arbitrum 净流出规模最大，其次为 Unichain、BNB Chain等。

<div>据 Artemis 数据，2025 年以来各公链净资金流入排名中，以太坊表现最强，净流入约 42 亿美元，位居首位。其后依次为 Hyperliquid、Sonic、WorldChain、Solana 等。与此同时，多条链出现显著资金外流，其中 Arbitrum 净流出规模最大，其次为 Unichain、BNB Chain等。<br><img alt="" src="https://www.wublock123.com/uploadfile/2025/1231/20251231084850716.jpg"><br><br><br></div>

数据：2025 年以来各公链净资金流入排名中，以太坊表现最强，净流入约 42 亿美元

According to Artemis data, Ethereum has seen the strongest net inflow of funds among public blockchains since 2025, with approximately $4.2 billion, ranking first. Following Ethereum are Hyperliquid, Sonic, WorldChain, and Solana. Meanwhile, several chains have experienced significant outflows, with Arbitrum experiencing the largest net outflow, followed by Unichain and BNB Chain.

<div>According to Artemis data, Ethereum has performed the best in terms of net fund inflows among public blockchains since 2025, with a net inflow of approximately $4.2 billion, ranking first. Following Ethereum are Hyperliquid, Sonic, WorldChain, and Solana. Meanwhile, several chains have experienced significant fund outflows, with Arbitrum experiencing the largest net outflow, followed by Unichain and BNB Chain.<br><img alt="" src="https://www.wublock123.com/uploadfile/2025/1231/20251231084850716.jpg"><br><br><br></div>

Data: Among public blockchains, Ethereum has performed the best in terms of net fund inflows since 2025, with a net inflow of approximately $4.2 billion.

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.