$TAO Short Thesis Update ⬇️🔥
181 just added 100,000 more shorts — total position now 200,000. That’s serious conviction.
TAO
165.9
-3.49%
After a 70%+ drop, this isn’t a recovery setup — it’s a liquidity drain. Previously listed on Korean exchanges, many got trapped at higher levels… and whales aren’t here to rescue late buyers.
Open Interest near new lows. Retail interest fading.
Meanwhile, Bittensor still emits ~10,000 $TAO daily — constant sell pressure in a weak structure.
No momentum. No volume revival. Just inflation + distribution.
Trend remains down — rallies look like short opportunities. 👇