Bittensor's TAO Token Plunges Below $250 Amid Weakening Retail Interest

Bittensor's TAO token has seen its fourth consecutive day of losses, dropping below $250 as retail interest weakens and market sentiment deteriorates.

The AI-focused cryptocurrency is now approaching a critical support zone around $200, with derivatives data showing a notable decline in trading activity and investor appetite. Open Interest in futures markets has dropped by more than 6% over the last 24 hours to approximately $252.08 million, indicating a reduction in speculative demand.

Risk-off sentiment has intensified across the market, with total liquidations reaching roughly $1.67 million over the past 24 hours. Funding rates have declined to 0.0018%, and trading volume has dropped by 14%.