$TAO increase short position ⚠️📉

Right now, the market is heavily crowded on the long side — around 80% of positions are longs, with more than $20M sitting above ready to be liquidated. In this kind of setup, it doesn’t take much for the market maker to push price slightly down and trigger a cascade of liquidations. That’s where the real move usually starts.

On top of that, the current valuation looks stretched. A large part of the subnet value is coming from token subsidies, not real user demand. The big news from Nvidia’s CEO has already been priced in, and the people entering now are mostly late retail buyers.

This kind of environment usually doesn’t hold.

From here, it feels overvalued —

market price, continue adding to short 👇📉

TAOUSDT

Perp

322.26

+2.27%