Filecoin’s 10% Drop Explained by Broad Crypto Leverage Flush and Macro Risk-Off

Filecoin’s approximately 10% decline over the last 24 hours aligns closely with a broader crypto selloff driven by a Bitcoin-centered leverage flush and macro risk-off factors such as higher oil prices, elevated Treasury yields, and Middle East shipping tensions. There are no clear Filecoin-specific news items or technical incidents in this window that would uniquely explain the move. Instead, FIL behaved like a relatively high beta altcoin in a sudden de-risking, falling more than the roughly 2% in Bitcoin and roughly 2% to 3% in total market cap as leveraged positions were unwound across the board.

Crypto Leverage Flush and BTC-Led Selloff

Filecoin’s…