T != 3125, 3125 is the centripetal (net) force, not the tension.
Just remember that the centripetal force has to be made up of other things, albeit gravity, weight, tension, normal force.
So if we look at the top, the cage is accelerating towards the centre of the circle, as per the centripetal force. You just have to ask yourself how that centripetal force is made up... obviously tension, but the mass is also there, and at that point in the motion the weight force is in the exact same direction as the centripetal force. The centripetal is the net force (the result of all the acting forces), so we say that F_c = (Force by tension) + (weight)
If you want to know the direction of the tension force acting on the cage you can just use the equations and see if you get a positive or negative answer, but admittedly that can get confusing (Especially when g can be +-10 depending on what you're doing and how you've set things up). Other than that all I can really say is to just think about it really... at the bottom something is pulling it up, so the wires must be pulling it up. At the top it's coming down, it's weight is bringing it down, but the tension is as well. Tension can be less because the weight is taking over a bit.