Do you dare to believe position 275? $TAO In 24 hours, it surged from 213 straight up to 277, a 28% increase, with trading volume exploding to $570 million. But don’t rush to call a bull market—last night’s Federal Reserve meeting minutes were more hawkish than expected, non-farm payroll data is still uncertain, and CPI anxiety hasn’t eased at all. The US stock market’s Dow Jones dropped 0.6%, and the S&P 500 turned red. Gold surged then fell back to 2050, crude oil started sideways trading, indicating that risk assets are re-pricing interest rate expectations. Quantitative data shows: over the past 90 days, the 30-day rolling correlation between TAO and BTC is 0.67, with the S&P 500 at 0.41, and a negative correlation with US Treasury yields at -0.53—so when US stocks softened yesterday, the AI sector defied the trend and surged 28%, forming an independent rally. The core logic isn’t macro, but capital betting on certainty narratives around computing power demand.

Specifically, after the Federal Reserve minutes were released, 30 minutes later, the TAO/BTC exchange rate skyrocketed from 0.0078 to 0.0092, indicating funds are shifting from Bitcoin as a safe haven to higher-beta assets. In the 24 hours before non-farm payrolls, TAO spot premium widened from 0.2% to 1.8%, showing market makers are rushing to position. Current funding rates are below 0.01%, with no signs of liquidation or panic selling. Trading advice: avoid chasing longs near 275, wait for a pullback to 255-260 for phased entries, set stop-loss at 248, first take profit at 295, second at 310, and keep position size within 10% of total capital. Be cautious: if next week’s CPI exceeds expectations, Bitcoin could drop again to 40,000, and TAO might fall back to around 230, at which point you can add to your position up to 15%.

Don’t just look at the charts—macro linkages reveal the true chip structure. The AI narrative based on computing power can withstand dollar liquidity tightening, and that’s the long-term anchor you should watch. $