bittensor halvening hits december 13. daily tao emissions drop from 7,200 to 3,600. sell pressure cuts from $3.6m to $1.8m overnight. but if validators earning 15-30% apy today see revenue halve and start shutting down gpu rigs, subnet quality dies. 2,500 validators now. if that drops below 2,000 by january, the supply shock won't matter.
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