TAO’s rise this round is clean. It jumped 18% in a day, from 260 to 322. Total liquidations across the market were only $2.2 million, while in the neighboring Bitcoin market,同期 liquidations were $630 million.
About 80% of the $2.2 million was from shorts, but this isn’t a squeeze. Just Binance’s TAO trading volume exceeds $460 million—price was pushed up by buy-side demand, with no chain-reaction panic selling.
New leverage at entry: the whole network’s open interest increased by 22.6% in a single day, reaching $484 million, and Bybit alone added 46%. But longs are not crowded out—fees are positive across all 21 exchanges; Binance charges just 0.005% every 8 hours, which is half that of ordinary coins. So is chasing long positions now still cheap?
The wind direction has changed. At 6:54 last night, on Binance, 353 short positions with $286.9 were liquidated for $101,000—this was the largest single liquidation of the day. And in the liquidations over the past hour, two-thirds were long positions. The 322 people who chased in are already getting cut.
Do you think TAO’s latest move is institutional players building positions, or retail traders chasing the hype?
Check in real time: https://www.coinboss.com/liquidations