Celestia’s TIA token is facing a major unlock with approximately $62,000 in tokens being released within the next 24 hours, followed by another $62,000 unlock 48 hours later, destined for blockchain research and development. TIA has declined 25% year-to-date and the blockchain’s total value locked remains at zero, generating only $53 in fees over the past day, underscoring weak on-chain performance. Despite this, sentiment around TIA has turned positive with the funding rate reaching 0.0049%, indicating more longs than shorts in the market. Open Interest surged 23% to $57.52 million, signaling capital inflows primarily directed toward long positions. Due to the market’s tight positioning, bullish momentum could push TIA’s price higher in the short to near term.
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