On March 25, a whale address starting with 0x10e opened a long position in TAO with 5x leverage at an average entry price of $315, with a position size of $2.36 million and floating gains of $230,000. The address also plans to take profit when the price rises above $351.77, with a target range of $375.

Gate News reported that on March 25, according to Hyperinsight monitoring, a whale address starting with 0x10e opened a long position in TAO with 5x leverage today, with an average entry price of $315 and a position size of $2.36 million. Current unrealized profit stands at $230,000 (49%), with a liquidation price of $143. Additionally, the address placed 93 consecutive sell orders in the afternoon, totaling approximately $2.46 million, planning to take continuous profits once the price rises above $351.77, with target range extending to $375.

Gate News bot message, a wallet associated with jez (@izebel_eth) deposited $550,000 USDC into HyperLiquid and established long positions in ETH with 20x leverage and TAO with 5x leverage.

Bittensor subnet ecosystem is expanding rapidly, with TAO token staking growing from $74,400 to $620 million, an increase of 833,000%. The number of subnets has grown from 80 to 120, with a market cap exceeding $1.5 billion, with some subnets performing exceptionally. It is expected that after market cap breaks through $1 billion, more staking will flow into subnets. TAO has recently experienced continuous price increases, reaching new highs, outperforming most cryptocurrencies.

Bittensor (TAO) price rebounded strongly to $308 on March 25, with an 18% gain. This rally was primarily driven by short squeezes, but inflows showed weakening momentum, indicating a bearish divergence. The current price is approaching key resistance, and the subsequent trend will depend on whether it can break through $310 and the entry of spot buying pressure.

> **Original Title:** The Bear Case for Bittensor (TAO) > **Original Source:** Pine Analytics > **Original Compiled by:** Saoirse, Foresight News TAO is currently priced at approximately $275, with a market cap of $2.6 billion and a fully diluted valuation of $5.8 billion. The project has received institutional endorsement from Grayscale (submitted an NYSE ETF listing application in December 2025) and public recognition from NVIDIA CEO Jensen Huang. Additionally, the token supply narrative is highly compelling: a hard cap of 21 million tokens with a Bitcoin-style halving mechanism. Following the first halving in December 2025, daily issuance will decrease from 7,200 tokens to 3,600 tokens. The number of subnets increased from 32 to 128 within one year.

TAO price continues to rise, reaching new highs at $337.84, with a 24-hour gain of 13.6%. Well-known investor Jason Calacanis expressed bullish sentiment on TAO and invested in its ecosystem projects. Bittensor subnets completed important pre-training, demonstrating their practical application capabilities.

Gate News: On March 24th, market data showed that TAO's 24-hour gain reached 14.43%, currently trading at 308.5 USDT.

Gate News Update: On March 24, according to Gate market data, as of press time, TAO (Bittensor) is trading at $299.50, up 12.80% in the past 24 hours, with a high of $301.70 and a low of $264.20. The 24-hour trading volume reached $8.3755 million. The current market cap is approximately $2.874 billion. Bittensor is an open-source protocol that powers a decentralized, blockchain-based machine learning network. Machine learning models are trained collaboratively and rewarded in TAO based on the informational value they provide to the collective. TAO also enables external access, allowing users to extract information from the network and adjust network activity according to their needs.

On March 20, the performance of the top 100 cryptocurrency tokens by market cap: Bittensor (TAO) rose 13.94%; River (RIVER) fell 10.80%. Other tokens that gained include Kite, FET, Aptos, and SHIB, while tokens that declined include MemeCore, Kaspa, Worldcoin, and XDC Network.