{"id":896569,"date":"2026-04-03T08:24:19","date_gmt":"2026-04-03T13:24:19","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/04\/03\/all-about-taos-15-hike-and-how-its-open-interest-hit-new-highs\/"},"modified":"2026-04-03T08:24:19","modified_gmt":"2026-04-03T13:24:19","slug":"all-about-taos-15-hike-and-how-its-open-interest-hit-new-highs","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/04\/03\/all-about-taos-15-hike-and-how-its-open-interest-hit-new-highs\/","title":{"rendered":"All about TAO\u2019s 15% hike and how its Open Interest hit new highs"},"content":{"rendered":"
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Bittensor (TAO) is making waves.<\/span><\/span> Especially since a<\/span>t press time, TAO stood out as one of the day\u2019s biggest gainers. <\/span>The altcoin recorded a 15%\u00a0daily surge, sparking fresh interest from both traders and investors.<\/span><\/p>\n

Needless to say, this sharp move has triggered a noticeable shift in market activity, with buyers further extending their dominance.<\/span><\/p>\n

Whale accumulation intensifies<\/span><\/strong><\/h2>\n

Following the rally, large investors started accumulating fresh orders at the altcoin\u2019s trading price.<\/span><\/p>\n

Borrowing from previous observations, whale accumulation often signals growing confidence in an asset\u2019s short-term outlook.<\/span><\/p>\n

In TAO\u2019s case<\/a>, the buying pressure seemed to be visible across multiple markets, with greater involvement of big players likely to accelerate the bull run further.<\/span><\/p>\n

\"TAO<\/a>
Source: CryptoQuant<\/figcaption><\/figure>\n

Buyers dominate spot and derivatives markets<\/span><\/strong><\/h2>\n

AMBCrypto\u2019s analysis of TAO\u2019s derivatives data also revealed that buyers are currently dominating both Spot and Futures markets.<\/span>The token\u2019s Future Taker Cumulative Volume Delta, for instance, hinted at a sustained buyer dominance over the past week. <\/span><\/p>\n

The development might be evidence that aggressive market orders from TAO<\/a> buyers are outpacing those from sellers and the impact on its price action could be prolonged. <\/span><\/p>\n

In most cases, whenever this happens, price rallies often gain stronger support. The alignment between whale accumulation and buyer dominance strengthens the case for sustained momentum. <\/span><\/p>\n

\"TAO<\/a>
Source: CryptoQuant<\/figcaption><\/figure>\n

Open interest hits multi-month high<\/span><\/strong><\/h2>\n

Another important signal came from the derivatives market. TAO\u2019s Open Interest crossed the $210 million-mark \u2013 Hitting its highest level since early January. <\/span><\/p>\n

Rising Open Interest generally means that new capital is entering the market. When it increases alongside the price, it often reflects growing conviction among traders. <\/span><\/p>\n

Such a combination can sometimes sustain rallies longer than expected. <\/span><\/p>\n

\"TAO<\/a>
Source: Coinglass<\/figcaption><\/figure>\n

Can the rally extend further?<\/strong> <\/span><\/h2>\n

At press time, TAO appeared to be in a strong momentum phase. On the daily chart, its price action had just cleared the resistance level at $212.62.<\/span><\/p>\n

In fact, TAO\u2019s price was still trading above the 50-day Exponential Moving Averages (EMA), highlighting that the momentum may be far from over and that the recent breakout could be still on hold.<\/span><\/p>\n

\"TAO<\/a>
Source: TradingView<\/figcaption><\/figure>\n

Given its prevailing pace, the market imbalance at around $262 stands out as the next legitimate target for bulls.<\/span><\/p>\n

Whale accumulation, rising Open Interest and aggressive buyer activity, all have been aligned in the bulls\u2019 favour. <\/span><\/p>\n

However, the key factor will be whether buyers can maintain dominance as the rally progresses. If ongoing momentum holds, TAO could continue building upward pressure in the sessions ahead.<\/span><\/p>\n

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Final Summary<\/strong><\/h2>\n