Celestia (TIA) has declined 25% year-to-date as market uncertainty grows. The token faces scheduled unlocks releasing approximately $124,000 over the next two days, adding potential selling pressure. On-chain metrics show weakened performance with zero total value locked and only $53 in daily fees. However, derivatives data reveals contrasting signals—funding rates have turned positive to 0.0049% and open interest surged 23% to $57.52 million, indicating growing bullish positioning. Liquidation heatmap analysis shows balanced buy and sell clusters, suggesting price could move in either direction, though current momentum favors an upswing.
Celestia (TIA) has experienced a sustained decline over recent weeks as market conditions shift toward a more neutral stance. TIA has posted a 25% decline on a year-to-date basis, with the past day reflecting that neutral state through a 0.2% gain. The market appears caught in a tight spot, with uncertainty building over the price’s next direction.
TIA faces more token unlocks. TIA will undergo a major token unlock, channeling the released tokens toward research and development for the blockchain. A token unlock distributes new tokens into the market, increasing the asset’s supply and weighing on its price.
The unlock will release roughly $62,000 into the market in less than 24 hours, with another $62,000 following in 48 hours—an amount likely to move the market significantly. Beyond that, Celestia’s total value locked remains at $0, reflecting how weak the blockchain’s performance has been, according to DeFiLlama. The chain generated just $53 in fees over the past day, underscoring the point. This combination of weakening on-chain performance and an expected volume surge puts Celestia at major risk.
Despite the weakening on-chain metrics and the scheduled token unlock, sentiment around TIA has turned net positive. Investors are showing a growing pattern of long bets in the market.
Funding Rate data over the past day has spiked significantly to roughly 0.0049%, according to CoinGlass. A positive Funding Rate implies more bulls than bears in the market, measured by the scale of leveraged positions open on the asset. Adding to this outlook is a massive inflow of capital into the market. Open Interest surged 23% over the past 24 hours, reaching a high of $57.52 million within that period.
The rising Funding Rate, at a time when Open Interest has also surged, signals that the new inflow of capital is being channeled toward long positioning in the market.
Liquidation heatmap analysis shows TIA sitting in a tight spot from a liquidity perspective. The asset carries distributed sell orders above price, matched by an equal depth of distributed buy orders below price.
This means price could swing either way, since both clusters exert the same pull on price, and liquidation clusters are known to act like magnets. With bulls currently in control, there is a high chance of an upswing in price from current levels over the short to near term.
