monica.mary1995@outlook.com

# TAO Staking Inflows & Whale Clustering Analysis ## Executive Summary **Bittensor's 76.8% staking ratio has created a significant supply squeeze**, driven by institutional accumulation through publicly traded entities and a structural shift toward subnet-specific "Alpha staking." While this fundamental setup supports a **$180 price floor**, derivatives data shows recent long leverage unwinding and negative funding rates, indicating near-term consolidation before potential upward momentum resu

# AVAX Subnet Growth vs Price Expansion: The Great Decoupling ## Executive Summary **Avalanche has experienced a dramatic decoupling between subnet infrastructure growth and token price performance.** While AVAX price declined approximately **65% in 2025** and another **27% in 2026** to current levels around $9.11, the network's on-chain activity reached historic highs with **38.2 million average daily transactions** (up 1,162% YoY) and **24.7 million daily active addresses** (up 16,360% YoY)