Filecoin Price Jumps 15% as Shorts Lose $1.5M
Filecoin (FIL) surged 15% on Wednesday, with short positions losing $1.5M in liquidations. FIL traded near $0.80, while Bitcoin fell 1.5%. Open interest rose to $200M. Filecoin promotes its decentralized storage as a cost-effective alternative to Amazon's AI infrastructure spending, which reached $54.2B in Q2.


