The Binance market maker (seller from hell) is doing market maker thing:
1. Driving asset price down in line with btc.d - it was raising (looks forming a top now) hence $TAO price was suppressed.
2. Dtao is treated as sell the news event - as always, people were leverage longing $TAO via perps and now mm is clearing longs by dumping tokens on spot and reducing the price.
3. Once btc.d drops below 57-58% then we will have price stability 485-550-650 per $TAO
Until then spot/stake and chill….
I would not expect anything above 370-450-485 this month. 👌
………