Bittensor's TAO Token Slumps 10% Amid Weakening Open Interest
Bittensor's TAO token has been on a downward trend over the past three days, with prices falling 10% in the last 24 hours.
The decline brought TAO to $287, leaving it below its recent swing high of $289 and the breakout area around $329.
TAO's derivatives open interest also fell by 10% over the same period, dropping to $502 million and continuing a trend of weakening positioning in the market.