Crypto sectors fall two days straight as DePIN tumbles 4.2%
Crypto markets declined for a second consecutive day, led by a 24-hour drop of 4.22% in the DePIN sector, according to SoSoValue. Key DePIN tokens underperformed: Filecoin (FIL) fell 8.55% and Golem (GLM) slid 10.07%. Major assets showed mixed performance: Bitcoin (BTC) fell 0.74% to just above $95,000, while Ethereum (ETH) was relatively stable, down 0.21% and holding near $3,300. Other sector moves over 24 hours: CeFi -0.37% (NEXO +1.13%); Layer1 -1.32% (TRON/TRX +2.30% intraday); PayFi -2.11% (Dash/DASH +3.50%); Layer2 -2.52% (Mantle/MNT +0.99%); DeFi -2.59% (River/RIVER +8.12%); Meme -2.93% (MemeCore/M +1.65%). The report is for market information only and not investment advice.
Bearish
A multi-sector pullback led by a sharp drop in DePIN suggests heightened risk-off sentiment among traders. Significant single-token declines (FIL -8.55%, GLM -10.07%) indicate profit-taking or rotation out of higher-volatility infrastructure tokens. BTC and ETH showed modest declines rather than deep sell-offs, implying limited broad-market panic but reduced risk appetite. Historically, sector-led drops can cause short-term volatility and lower liquidity in affected tokens, prompting tighter ranges for majors. Traders may see short-term opportunities in oversold DePIN/altcoins but should expect elevated volatility and potential continued weakness if broader market catalysts (macro data, regulatory news) remain negative. Long-term impact is neutral-to-bearish for weaker projects but limited for blue-chips if BTC/ETH stabilize. Recommended trader responses: reduce leverage, watch sector-specific on-chain metrics and liquidity, consider selective re-entry only after signs of stabilization or technical support hold.