I really can’t stand this bearish narrative, but TAO’s chart is simply sliding down on its own—over the past four hours it’s been in consecutive declines, down nearly 10%. Intraday it’s still grinding in a bearish channel, and the acceleration momentum shows no sign of turning back. The futures side is even more interesting: as the price keeps dropping, open interest shrinks by more than 10% in a single day. This is longs cutting their losses and exiting—not a washout to absorb liquidity. The spot order book is even uglier: sell orders are pressing down on buy orders, and the hands trying to catch the dip are trembling. Tell me—are you calling this a bottom-picking bid, or a meat grinder? A slow bearish decline is like boiling a frog in warm water; by the time retail traders react, their legs will already be weak. This trend is basically delivering meals to the bears. Brothers who follow—let’s go eat the meat together.
