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Several bullish indicators have supported this rally:
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Futures open interest hit a three-month high of $258 million on April 25, rising from $155 million a month earlier.
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Daily trading volume jumped 87% within a day, topping $208 million, showing growing investor activity.
The funding rate has also flipped positive, indicating that traders are paying a premium to hold long positions. On Binance, the long/short ratio sits at 1.14, reflecting a clear bullish bias.
Institutional Interest Grows
Grayscale Investments has brought fresh attention to Bittensor by highlighting its Bittensor Trust in an April 28 post. Although launched in August 2024, the trust’s revival has reignited interest from institutional investors. Grayscale now holds over $10 million in $TAO, lending the project greater credibility.
Also Read: Stellar Price Prediction 2025, 2026 – 2030
On-Chain Growth and AI Integration
Bittensor’s fundamentals remain strong:
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Over 6.2 million TAO tokens have been staked, accounting for 72% of the total circulating supply.
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Integration with DeepSeek AI’s large language models gives users access to advanced AI tools on blockchain subnets.
TAO has now overtaken Near Protocol in market cap, valued at $4.32 billion compared to NEAR’s $3.12 billion. With strong momentum, rising interest, and solid development, Bittensor’s outlook appears promising.


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