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Filecoin Hashrate Plunges Off a Cliff, Entering a Death Spiral! FIL Price Will Only Keep Dropping, Unless These 4 Turning Points Emerge!

January 23, 2026 – 43-day FIL data: Filecoin network hashrate fell below 19 EiB, down by 1,363 PiB — a historic low! Total number of nodes dropped below 1,000; daily circulating supply increased by 410,000 FIL, with massive hashrate early terminations and pledge releases, more than 10 million FIL flowing into the market, creating enormous selling pressure!

In fact, from October 30, 2025 to December 11, 2025 (41 days): Filecoin network hashrate fell below 20 EiB, down by 1,907 PiB.

That means, over the past 84 days, Filecoin hashrate has decreased by a total of 3,270 PiB, with actual physical storage capacity dropping to only 2.26 EiB.

FIL price remains persistently depressed and is likely to stay low for quite some time, because a large amount of hashrate will continue to expire without renewal, and many providers are proactively terminating sectors to retrieve their pledges. The core reason is that FIL price has fallen below the storage cost threshold (triggering the mining shutdown price). Storage providers are operating at a loss and are forced to shut down hashrate. This leads to continuous hashrate decline → weak ecosystem → no real usage scenarios or pledge demand → more and more tokens flowing into the market → price keeps dropping! A vicious cycle — also known as a death spiral!

(The key driver of the 2020–2022 price surge was the massive FIL pledge demand from cold storage mining, combined with very low circulating supply — supply could not meet demand. Now the situation is exactly the opposite.)

Some people say: Will the on-chain storage FOC launched by Filecoin in 2025, along with other hot storage solutions, increase real usage scenarios and boost FIL demand, ultimately saving the price? In reality, usage is extremely scarce — mostly just splinter groups spun off from Protocol Labs using it internally, or the occasional unknown project. No major Web3 platforms or off-chain large-scale users are adopting it — at least not yet. Indeed, this is one possible breakthrough point (turning point) for saving FIL, but so far there has been no meaningful progress.

Another potential turning point is if the Filecoin Foundation (FF) starts actively managing or pumping the price, or brings in professional market-making teams. However, FF is constrained by all kinds of rules and regulations (claiming U.S. legal restrictions, etc.), stubbornly tying their own hands. They spend tens of millions of dollars every year on various activities, but never really use the money where it matters most. (All this money comes from selling FIL — which means dumping on the market, and every dump causes the price to crash even harder.) As a result, despite spending so much, FIL price keeps falling. This is entirely due to wrong strategic decisions by FF!

A third possible turning point is if super whales / major players step in to accumulate and pump the price. Currently there are 818 million FIL in circulating supply — manipulating it would require enormous capital. Moreover, many holders are just waiting to sell; every pump is quickly followed by a sharp drop, forming inverted V-shaped patterns, which shows extremely heavy selling pressure. The best-case scenario would be FF cooperating with super whales to jointly manage the market. (Insider info: In the past, market-making teams approached Juan Benet asking Protocol Labs to lock up tokens and reduce circulating supply to facilitate a pump, but Juan refused.)

The final and most powerful turning point would be a global storage crisis — widespread destruction or failure of centralized storage systems, forcing everyone to migrate to Filecoin for storage. Otherwise, mature and stable centralized cloud providers like AWS and Alibaba Cloud offer perfect after-sales service. Almost no one is willing to take the risk of using Filecoin for storage — it’s hard to use, unreliable, and simply unnecessary. (If Filecoin data doesn’t have sufficient backups and is stored in only one data center, it can still be deleted or lost due to failures — it’s actually pseudo-decentralized storage.)

In summary: Filecoin hashrate is collapsing, massive pledged FIL is flooding the market, circulating float keeps increasing, inflation continues, supply far exceeds demand — price will only keep falling! At least for now, no recovery is in sight — unless at least one of the above turning points actually materializes!

This is an objective analysis of the facts — for reference only!

Wish everyone good luck — once you bet, accept the outcome. No regrets after the die is cast!
#fil $FIL l #Filecoin n filecoin #ipfs ipfs fil

Filecoin算力断崖式下降，进入死亡螺旋！FIL价格只会越来越低，除非出现以下4个转机！

2026年1月23日FIL 43天的数据：Filecoin 全网算力跌破19EiB，减少1363PiB，创历史新低！总节点数跌破1千个；流通每天增加41万，大量算力提前终止扇区解除质押，超1千万FIL流向市场，造成抛压！

其实从2025年10月30日到12月11日的41天里：filecoin 全网算力跌破20EiB，减少1907PiB。

也就是说，在过去的84天里，filecoin 算力减少了3270PiB，实际物理存储空间减少到了2.26EiB。

FIL价格持续低迷，并且会持续不短的时间，因为很多算力还会继续到期过不续期，不少会提示终止扇区取回质押，这里的核心原因是filecoin 价格持续低迷，跌破存储成本（触发挖矿关机价），存储提供商亏本运营，被迫终止算力，然后算力持续下降，生态难起，无使用场景和质押需求，流向市场的筹码越来越多，价格越来越低！形成恶性循环！也叫螺旋死循环！（2020年到2022年价格上涨的最核心因素是冷存储挖矿需要大量的FIL质押需求推动的，而且市场流通的筹码很少，筹码供不应求，而现在恰恰相反，需求场景和筹码完全反过来了）。

有人说，filecoin 在2025年推出的链上存储FOC，以及其他热存储等能否增加使用场景，增加FIL的需求，拯救filecoin 的价格？实际上使用寥寥无几，都是几个协议实验室分化出来的工作小组在用，或者偶尔有几个不知名的项目在用，场外或者大型Web3平台等没见提过！至少目前是这样的。确实，这是拯救FIL的一个突破点（转机），但目前没有起色。

另一个突破点（转机）就是filecoin 基金会（简称FF）做盘或拉盘，或请专业市值管理团队进场。但由于FF受到条条框框的约束，说什么美国法律限制等，都是迂腐不化，自我束缚，每年花几千万美元来瞎搞，没有真正用在刀刃上，钱花了不少（都是filecoin 建设者的血汗钱，因为FF要卖fil换钱，就得砸盘，一砸盘价格就大跌），FIL价格却越来越低。这完全是FF决策方向错误造成！

还有一个转机是超级主力进场做盘拉升。目前有8.18亿FIL流通筹码，需要的操盘资金不少，而且很多都在等卖，比如几次拉升后又快速回落，直接倒V字走势，说明市场抛压极大。
最好的转机是FF配合超级主力一起做盘。（内幕：曾经有操盘团队找过胡安，要求协议实验室锁定筹码，减少流通，然后做盘，被胡安拒绝了。）

最后一个转机是全球存储危机，中心化存储出现大面积毁灭，大家都在用filecoin 进行存储，不然，亚马逊云、阿里云等传统存储成熟又稳定，又有完善的售后等，没有人冒险去用filecoin 进行存储，因为很难用，用不了，不好用，也没有必要用（filecoin 数据如果备份不够，只存在一个机房，是可以删除或故障丢失数据的，并不可靠，其实是伪去中心化存储）。

总之，filecoin算力断崖式下降，大量质押流向市场，FIL流通的浮动筹码越来越多，通胀不断增加，供过于求，价格就会越来越低！至少目前看不到起色！除非以上任何一个出现转机！愿赌服输，落子无悔！

以上是客观事实，仅供参考！#fil $FIL #Filecoin n filecoin #ipfs ipfs fil

2026年1月23日FIL 43天的数据：Filecoin 全网算力跌破19EiB，减少1363PiB，创历史新低！总节点数跌破1千个；流通每天增加41万，大量算力提前终止扇区解除质押，超1千万FIL流向市场，造成抛压！

2026年1月23日FIL数据：全网算力跌破19EiB，创历史新低，物理空间（实际存储）2.26EiB，创新低；节点总数跌破1千个；总释放达9.6077亿；DC算力达1.86EiB，继续下降；总流通超8.18亿，继续增加，平均每天增加41万；总质押为1.02亿，继续减少，平均每天减少16万；总销毁0.41586亿，平均每天销毁近0.7万（结合算力是减少的，Gas销毁极少，推测出大量算力终止扇区造成的惩罚）
2026年1月23日：以下数据是43天的
Filecoin统计全网有效算力18.668EiB！（最近回升最高到23.555EiB，时间在2025年9月23日；目前从最高回落到最低是18.668EiB，时间在2026年1月23日；上次低点是19.999EiB，时间在2025年12月11日；全网历史最高是25.112EiB,时间在2024年2月17日）
从上次2025年12月11日18点01分截至2026年1月23日18点01分在过去的43天里全网算力减少了1.331EIB（即1362.944PiB，平均每天减少32PiB）（目前单日算力增加最多为111PiB，单日减少最多为163.84PiB）；
质押43天减少了10411483FIL（平均每天减少16万FIL；目前质押总量最少为10161228FIL，时间在2026年1月23日；最多为：176121944FIL，时间在2024年2月17日开始统计）；
销毁量43天增加了282345FIL（平均每天销毁6566FIL；目前单日销毁最多为87332），总销毁达0.41586亿个FIL；
流通量（通胀）43天增加了17485478FIL（平均每天增加41万FIL；其中区块奖励是66608FIL，目前流通总量最多为：818476536FIL，时间在2026年1月23日）；
单个区块奖励下降到4.8272FIL（目前最低是4.8272FIL）；
单T收益为0.0034FIL（目前最低是0.0031FIL）；
单T质押2.272FIL（目前最低是2.272FIL）；
Gas为0.0000FIL（32G扇区）；
总账户数突破371万，41天增加了21562个，平均每天增加501个；
活跃存储提供商节点989个，41天减少了101个！！！

释放总量约：9.6077亿FIL，43天增加了1102万FIL（平均每天增加26万FIL）。质押跟流通的比例是：12%（目前最低为12%；比上一次统计下降了1%，目前比例最高是22.8%，发生在2024年11月17日开始算起）。

Filecoin Plus DC真实数据超1.86EiB即总量为1904.64PiB（10倍算力后占全网算力的99.8%；目前最多为2.28EiB，即2334.72），43天减少了0.09EiB，即921.6PiB（10倍算力后）；

CC数据为0.4EiB（目前最低为0.4EiB），43天减少了0.15EiB，即154PiB，总物理空间为2.26EiB（目前最低为2.26EiB）,41天减少了0.24EiB，即245.76PiB。
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