Bittensor Plunges 4.61 Percent in One Hour

Bittensor (TAO) experienced a sharp decline of 4.61% in just one hour, dropping from $306 to $292 by 10:13 p.m. ET on October 6 (02:13 UTC). This price movement was observed on Binance’s spot TAO/USDT market, according to calculations by TokenPost. Over a 24-hour period, TAO saw a 3.73% decrease, with its market capitalization standing at approximately $3.43691 billion, placing it at the 34th position among crypto assets by market value.

The rapid price drop coincided with significant long liquidations totaling $650,000 across major exchanges Binance, Bybit, and OKX. No short liquidations were recorded during this one-hour period. The figures were collected and calculated by TokenPost at the stated time.