The crypto market has declined for two consecutive days, with DePIN leading the decline at 4.22%, and FIL and GLM experiencing heavy drops—sector divergence is evident.

2026-01-16 02:18:14

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【Crypto News】The crypto market has declined for two consecutive days. According to SoSoValue data, the DePIN sector is the hardest hit, with a 24-hour drop of 4.22%, including Filecoin (FIL) down 8.55% and Golem (GLM) falling even more sharply by 10.07%.

In terms of the overall market, Bitcoin (BTC) experienced a slight correction of 0.74%, currently staying above $95,000; Ethereum (ETH) performed relatively better with a minimal decline of 0.21%, fluctuating around $3,300.

Other sectors show mixed performances. The CeFi sector had the smallest decline, down 0.37% in 24 hours, with NEXO (NEXO) bucking the trend and rising 1.13%; the Layer1 sector fell 1.32%, but TRON (TRX) surged 2.30 during the day; the PayFi sector declined 2.11%, while Dash (DASH) increased by 3.50%; the Layer2 sector dropped 2.52%, with Mantle (MNT) rising 0.99%.

The DeFi sector decreased by 2.59%, but River (RIVER) remained strong, surging 8.12%; the Meme sector fell 2.93%, while MemeCore (M) rose 1.65%.

Looking at sector indices, the ssiGameFi, ssiDePIN, and ssiSocialFi indices declined by 4.53%, 4.26%, and 3.20% respectively, showing clear sector differentiation.

FIL0,72%

GLM-5,46%

BTC-0,38%

ETH-0,4%

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LightningPacketLoss

· 01-16 02:48

FIL is back to its show, can't do without it every time there's a big drop... GLM dropped 10 points straight this time, truly amazing --- Why does DePIN always hit the first limit down? Is there still hope for this sector? --- BTC's momentum feels a bit off, starting to panic at 95,000? --- ETH's resilience is a bit embarrassing... just a small gain and already getting complacent --- NEXO dares to promote countertrend movement with just a $1 increase? Clowns are truly the real countertrend --- Another two-day consecutive decline, when will the bottom come, everyone? --- DePIN sector is so fragile, it breaks at a touch --- Looking at GLM's decline, it feels like someone is pulling a pump-and-dump scheme

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VitalikFanboy42

· 01-16 02:45

FIL has been hammered again... Why is DePIN so miserable this time, with GLM dropping directly by 10%? It seems like someone is panic selling.

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BearMarketGardener

· 01-16 02:35

FIL has dropped like this again... Truly incredible, I was still bottom fishing DePIN has really become a stepping stone CeFi is actually stable, the contrast is just too big Why is ETH so resistant to hits? That's interesting GLM was cut in half directly, who can withstand that... The market is like this, just relax and watch the show A big drop is actually an opportunity, the problem is I have no money left

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GhostInTheChain

· 01-16 02:34

FIL is dropping so sharply, are we about to see the bottom-fishing act again? --- GLM is up by ten points directly, that's a bit fierce, is this to clear out the chips? --- Why is DePIN once again at the forefront? This sector really can't take it anymore. --- BTC only dropped 0.74%, it's a bit stable. Compared to these miscellaneous troops, it's definitely more resilient. --- ETH is still holding on stubbornly, I really admire the resilience of this big brother. --- NEXO, which is rising against the trend, does it have a story or is it really solid? --- It dropped again and again, when will I stop being the bag-holder? --- How are friends who are optimistic about DePIN feeling right now? Honestly. --- The divergence is so obvious this time, CeFi people are really making a lot of money, right? --- With this pace of FIL, I feel like I need to keep throwing in more.

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RetiredMiner

· 01-16 02:19

FIL took a pretty big hit this time. A project worth 10 bucks is still struggling here... GLM is even more outrageous, it was directly smashed. This DePIN sector really can't hold up this year. ETH is quite resilient to the fall, but who dares to chase this market... BTC is just staying steady. The $95,000 mark at least held the bottom line.

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