#减半机制 The TAO Halving is worth a closer look. An 81% stake, with daily supply cut from 7200 to 3600, this set of data combines to mean one thing – the chips are really getting tight.

In the past few years, I have followed quite a few assets before their Halving, and everyone knows the performance of Bitcoin before the Halving, but Halving ≠必涨; the key still lies in whether the fundamentals can support the narrative. Bittensor's logic is clear: a decentralized AI network, 129 subnet ecosystems, and institutional funds shifting from observation to participation, all of these are solid. However, I must say a truth— the supply shock brought by Halving is a double-edged sword.

In the short term, there may indeed be psychological expectations driving the price up, but if the ecological growth does not keep pace after the Halving, it could easily lead to losses. Out of 129 subnets, how many truly generate value is what I want to deeply review. If you plan to follow these types of assets, my suggestion is to divide it into three tiers: aggressive investors can chase a wave during the Halving anticipation period, but should set strict stop-losses; conservative investors should wait until after the Halving to look at the fundamental data; and cautious investors should act as observers, waiting for market sentiment to calm down before determining a strategy.

In simple terms, scarcity is a good story, but actual cash flow and ecological prosperity are what truly support the long term. This Halving is a great opportunity for verification.