$TAO Institutions and researchers have started to release positive news
Is it time to go short?
Bittensor subnet staking scale has exceeded 600 million USD, possibly driven by AI narrative momentum
Bittensor (TAO) is experiencing strong momentum driven by both AI narratives and ecological expansion. The current price of TAO has surpassed the 7-day and 30-day moving averages, showing dual bullish signals technically, with a weekly increase of 19.8%. The staking scale of the subnet has exceeded 620 million USD, and the number of active subnets has expanded to 128. On the news front, NVIDIA CEO Jensen Huang mentioned Bittensor in a well-known podcast, while Grayscale reiterated this week that private placements for the Bittensor Trust are now open to qualified investors, further strengthening institutional endorsement.