Here’s why TAO’s 60% March price hike is NOT the real story!
Bittensor (TAO) has surged over 60% in March, briefly nearing $300, but the real story goes beyond the price rally. While the token shows a strong uptrend with higher highs and lows, derivatives data reveals caution: open interest hasn’t aggressively followed the rally, and funding rates remain slightly negative, indicating a bias toward short positions. The rally appears driven by spot demand rather than leverage, suggesting a healthier near-term move. Key changes, such as emissions flowing into subnet liquidity pools and reduced reward exploitation, have eased sell pressure. Additionally, subnets are beginning to generate real value across AI inference, decentralized training, and computer vision, with early revenue signs emerging.
ambcrypto03/24 04:32