ChainCatcher 消息，据 Coinglass 数据显示，BTC 全网合约持仓量在过去 24 小时减少 5.19%，当前总持仓量为 545.07 亿美元。其中 Binance 持仓量为 113.29 亿美元，OKX 持仓量为 34.6 亿美元，Bybit 持仓量为 55.54 亿美元。

<p>ChainCatcher 消息，据 Coinglass 数据显示，BTC 全网合约持仓量在过去 24 小时减少 5.19%，当前总持仓量为 545.07 亿美元。其中 Binance 持仓量为 113.29 亿美元，OKX 持仓量为 34.6 亿美元，Bybit 持仓量为 55.54 亿美元。</p>

数据：BTC 全网合约持仓量 24h 减少 5.19%

According to ChainCatcher and Coinglass data, the total open interest of BTC futures contracts decreased by 5.19% in the past 24 hours, currently standing at $54.507 billion. Binance holds $11.329 billion, OKX holds $3.46 billion, and Bybit holds $5.554 billion.

<p>According to ChainCatcher, data from Coinglass shows that the total open interest of BTC futures contracts decreased by 5.19% in the past 24 hours, with a current total open interest of $54.507 billion. Specifically, Binance holds $11.329 billion, OKX holds $3.46 billion, and Bybit holds $5.554 billion.</p>

Data: BTC total contract open interest decreased by 5.19% in the past 24 hours.

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.