Filecoin (FIL) Tumbles 5.6% as Crypto Bloodbath Continues—Buying Opportunity or Dead Cat Bounce?

Another red day for digital assets as Filecoin joins the descent. Here's what's fueling the drop—and why decentralized storage might still have legs.

Market-wide rout drags FIL down with the tide. No project is an island when Bitcoin sneezes, and today's 5.6% FIL slump mirrors broader sector weakness. Traders are dumping altcoins like last-gen hardware.

The silver lining? Network fundamentals haven't changed. Filecoin's decentralized storage protocol still solves real problems—unlike some 'utility tokens' that exist solely to enrich VCs. (Looking at you, 2017 ICO graveyard.)

Watch for accumulation patterns around $4.50. Either we're seeing the smart money load up... or another bagholder trap in the making. Only time will tell if today's dip is a discount or distress signal.