Could the Bittensor (TAO) Rally Be Over? Fundamentals and Sentiment Point in Opposite Directions

TAO has been on an absolute tear lately. Up 116% in just 30 days, and the numbers are starting to look almost too good. The catalyst was real. Bittensor finished training “Covenant-72B,” a massive AI model that actually competes with the tech giants. That’s a huge win, and the market responded exactly how you’d expect.