AI sector grows to $14.4B yet Bittensor fades – Will TAO revisit $165?

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Oh, the crypto AI sector. One month it’s thriving, the next, it’s on a rollercoaster of “What just happened?” According to CoinMarketCap, the market cap of this shiny new sector went from a humble $12.76 billion to a rather healthy $14.42 billion in just 30 days. Somebody get this market a drink, it’s clearly celebrating.

And, oh, what a month it’s been. Mid-February was particularly “charming.” TAO made a dazzling 50% leap in five days-like a party guest who shows up late and knocks over the punch bowl. But, surprise surprise, TAO didn’t manage to hold onto its newfound glow. It’s been a bumpy ride since, with no signs of a “take me back to February” moment.

TAO Speculators Expect Continued Losses

Coinalyze data shows a 6% increase in Open Interest over the last 24 hours. It’s like that one friend who keeps going back to the buffet for more, even though they’re not exactly sure what they’re getting. Bittensor’s (TAO) mini-rally to $200 on March 7th was not supported by any actual demand. It’s like showing up at a party just to realize no one’s there. Super awkward.

The Spot CVD’s been as disappointing as my gym membership, steadily declining for the past week. And let’s not even get into the Funding Rate, which has been negative most of March. So, yeah, it’s a short-term “meh” situation in the TAO world.

Now, onto the great “Range Debate”-TAO’s been stuck between $165 and $200 since mid-February. It’s like that one place you get stuck in traffic every time. Momentum? It’s as bad as my Monday mornings. OBV’s dipping below local support, and no one’s really feeling the love.

Combine that with Bitcoin‘s not-so-glorious dip below $70k, and, well, it’s safe to say that TAO’s probably heading for the $165 lowlands. If you were holding out hope, maybe it’s time to pack your bags.

Traders’ Call to Action – Use the Range

The liquidation heatmap from the past month highlights the obvious “buy low, sell high” spots-$160 and $200. It’s like the universe giving you a hint, but you’re still pretending you don’t know what to do with it. But seriously, TAO’s long-term trend is looking like a downward spiral. Still, there’s money to be made by playing the range until it finally breaks. Take a risk, it’s a crypto world out there!

Final Summary

  • TAO’s rally to $200 was as short-lived as a TikTok trend, with $165 being the next logical stop.
  • Negative funding rates and a plummeting spot CVD indicate the bear market is alive and well.

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2026-03-08 11:03