Bittensor (TAO) is holding a crucial support level between $262 and $300, with market sentiment showing early signs of stabilization. Analysts warn that a drop below $262 could lead to a decline towards $215, while a close under $228 would indicate deeper structural risks. In a significant institutional development, Grayscale launched the Grayscale Bittensor Trust (GTAO) on the OTCQX market on December 13, 2025, following a private placement in August 2024. Additionally, Bittensor's first halving, which will cut daily emissions by 50%, is anticipated to follow, underscoring the importance of maintaining the $262–$215 range for sustained bullish momentum.