Filecoin latest data shows significant changes worth noting. According to on-chain data, the number of miners has decreased to 1,040, a reduction of 6 within two days; network hash rate has dropped from 19.7 EiB to 19.3 EiB, a decline of 0.4 EiB; total staked tokens amount to 102.8 million, a decrease of 2 million compared to previous levels.

Some may think that as small retail investors, the rise and fall of miners are irrelevant. In fact, this judgment needs to be adjusted. Miners, as the core participants of the project, directly influence network operation and ecosystem activity. Once miners withdraw en masse, the first to suffer is market liquidity—buy orders decrease, sell orders pile up, and retail investors will face the dilemma of being unable to sell or experiencing large slippage.

From a risk management perspective, three key points need special attention. First, firmly avoid adding positions at current prices. Many fall into the trap of "cost averaging at low prices," but the core issue at this moment is not the price level, but the deterioration of the project's fundamentals. Continuing to add positions is equivalent to pouring water into a sinking ship, which will only accelerate risk exposure.

Second, closely monitor the two indicators: the number of miners and the total staked amount. These are the barometers for judging the project's survival. If the number of miners falls below 1,000 and the total staked tokens break through 100 million, it means the ecosystem has lost its self-repair ability. At this point, the price level is no longer meaningful, and exiting decisively is the only rational choice.

Third, establish a regular monitoring mechanism. Spend 5 minutes each day refreshing these two data points. Using data to guide decisions rather than emotions can help you cut losses in time during critical moments. Risks and opportunities in the crypto market often become apparent through data changes early on. Whoever controls the information holds the initiative.