Jakarta, Pintu News – The crypto market in March is still in a state of extreme fear, while the downward trend among altcoins has yet to show clear signs of recovery. In such a situation, some altcoins have their own unique catalysts. These factors encouraged some traders to take positions against the general market direction, potentially triggering huge losses due to liquidation.
Positive talk about Bittensor (TAO) is starting to emerge as the price shows signs of recovery. TAO bounced off a low of $144 last month and is now moving above $196 this month.
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TAO holders consider the altcoin to have a number of advantages that could sustain a continued recovery. Currently, about 68% of TAO’s total supply is locked in staking. Although the price of TAO fluctuates, the number of staked tokens has been increasing consistently from 2023 to 2026.
“I believe with very low circulating supply, if demand increases, the price of $TAO could react very strongly. If you look at the current chart, $TAO appears to be in a fairly solid accumulation zone. I personally will continue to add to the accumulation of $TAO in this range. Target $1000,” predicted influencer DeFi Tanaka.
Such confidence prompted TAO traders to allocate more capital and leverage to Long positions throughout March. The liquidation map shows that the cumulative liquidation volume for TAO’s Long positions is much larger than that of Short positions.
Long traders think that TAO’s internal momentum could help the price withstand selling pressure triggered by rising market risk aversion. However, negative developments from the Middle East region could trigger further capital outflows from altcoins. Such conditions could potentially depress prices and trigger a wave of liquidation.

Based on Coinglass data, if TAO falls towards $160 this week, long positions could face a potential liquidation loss of nearly $18 million.
Last month, the BeInCrypto website reported on the proposed WLFI Governance Staking System. This proposal is aimed at encouraging investors to participate more actively in WLFI governance.
In the draft, staking is a requirement for users to be able to vote using tokens that are already unlocked. The voting deadline is fast approaching. More than 99% of the votes were in favor of this proposal, while about 0.5% rejected it.
If the proposal is passed, this could potentially create a demand boost for WLFI and support price increases. At the same time, the WLFI liquidation map shows that the potential liquidation volume is dominated by the Short side.

As such, if this new catalyst pushes the price of WLFI up this week and breaks $0.11, Short positions could face liquidation losses exceeding $13 million.
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At the end of last week, OKB jumped about 40% after Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), took a partial stake in OKX at a valuation of $25 billion and gained a seat on the board of directors.
This altcoin then increasingly grabbed the attention of market participants. OKB’s Open Interest increased from around $17 million last week to more than $33 million this week.
Those taking Short positions may assume that the surge will quickly subside, given that general market sentiment is still negative. Conversely, Long traders may find OKB’s narrative strong enough to drive market capitalization expansion, as OKX’s valuation increases.
“While the crypto and altcoin markets look bleak, centralized exchanges are not. The investment from Intercontinental Exchange proves it. The CEX platform has a large young user base and a mature trading engine. They can easily expand into other asset classes such as gold, silver, crude oil, stocks, and equities. If combined with prediction markets and news trading, CEX in the future has the potential to become a new trading ecosystem where almost any instrument can be traded. They could evolve into a financial super app, not just a platform limited to crypto,” predicts Colin Wu, Editor-in-Chief of Wu Blockchain.
The liquidation map shows that if OKB drops to $87.2, the potential cumulative liquidation volume on Long positions could exceed $6 million. Conversely, if OKB rises to $109.8, the potential cumulative liquidation volume of Short positions could reach around $5 million.

Overall, these altcoins are at a crossroads between positively inclined internal catalysts and negative pressure from broader market sentiment. The combination creates a testing phase that is prone to triggering large and unexpected volatility, especially for highly leveraged traders.
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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.
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