$TAO saw $1.18K in long liquidations at $237.19, signaling bulls were caught on a downside move. While not massive, it reflects short-term weakness and possible rejection from higher levels. If TAO stays below $237, this zone may flip into resistance. Watch for reactions near key support levels — strong buying could signal a reversal setup. However, if selling continues, more long liquidations could follow, accelerating downside. A reclaim above $240 would be the first sign of strength returning to the market.