The outflow speed of Filecoin miners is quite rapid. Three days ago, there were still 1,055 active miners; today, it has dropped to 1,046, a loss of 9 miners in just a few days. More intuitively, the network storage capacity is shrinking — the effective data volume has decreased from previous levels to 19.7EB, a reduction of 0.2EB in a single day.

This wave of withdrawals is likely driven by large storage providers actively exiting the market. They may be feeling that profit expectations have been downgraded or have other considerations about the market direction. Meanwhile, staked FIL continues to flow out, with over a million tokens recently reduced, further intensifying the network's tense atmosphere.

However, there is a contradiction here: the destruction mechanism only destroys about 1,000 FIL daily, while the new supply is as high as over 300,000 tokens. The destruction cannot fully cover the new issuance, so inflationary pressure remains significant. In the long term, if miners continue to flee, storage capacity keeps declining, and new supply remains so aggressive, this balance point needs to be adjusted.