Grayscale launches Bittensor Trust as TAO trades near session high
Bittensor (TAO)
Editor:
Eugene Serbin
tradersunion.com reports that Bittensor (TAO) is trading at $332.5, up 8.24% for the day while holding near its session high. The protocol reported $43 million in revenue for Q1 2026, a figure that enhances operating cash flows and boosts fundamental visibility. High-profile investments from Nvidia and Polychain Capital totaled $670 million, injecting substantial liquidity and validating the ecosystem.
Grayscale launched the Bittensor Trust (GTAA) with $13 billion in assets under management, widening the path for institutional participation. xTAO Inc. provided an update on its validator operations and infrastructure, suggesting continued operational stability. TAO is trading above the MA-20 and MA-50 on the H1 chart, as well as above the MA-200 on the daily timeframe. Immediate support is marked by the Ichimoku Kijun at $309.05.
Momentum indicators show robust conditions with an RSI of 67.41 indicating a buy signal. MACD and ADX confirm a bullish environment while CCI and Bull/Bear Power reflect strong buyer dominance. Some divergence is present as several oscillators are overbought, but momentum stays positive.
Over the next 2–3 trading days, TAO is expected to trade within a range of $315.08 to $349.92. The base scenario anticipates consolidation between immediate support and resistance.
How the market reacted
Whalio's own Binance spot order flow for TAO, measured when this story was written up on 26 September 2026. Not the outlet's figures.
TAO is currently trading at $317.80 on Binance spot markets. The 1-hour buy ratio is 38.9%, indicating that buy orders are currently outnumbered by sell orders in the short term. In contrast, the 4-hour buy ratio is 56.4%, showing that buying pressure has been stronger over a slightly longer timeframe. The 24-hour buy ratio stands at 49.7%, suggesting a near-even split in order flow over the full day. Volume delta data shows a net outflow of $847,829 in the last hour, while the 4-hour delta is positive at $1,631,538. This indicates that while recent trading has seen more selling than buying, the broader daily trend still retains net buying activity. The 24-hour volume delta is -$305,175, and the cumulative volume delta (CVD) at the 24-hour close is -$401,342. Spot volume for the day reached $56,025,376 across 291,556 trades.
The latest daily buy ratio of 49.6% sits at the 64th percentile of the last 322 days, against a median of 48.8% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for TAO, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 50.2%, making the current 24-hour ratio of 49.7% slightly lower by 0.5 points. Volume was 0.98x the average, indicating trading activity was nearly identical to the weekly norm. This represents an ordinary day for the coin, with volume remaining stable at 98% of the average. The coin has seen a price change of +27.0% over the last 8 days. Total volume delta for that 8-day period was +$3,301,268, with net buying occurring on 3 of the 7 days.