The post Celestia breaks down: Sell pressure builds ahead of TIA’s $85K token unlock appeared on BitcoinEthereumNews.com.

Celestia [TIA] is increasingly exposed to bearish pressure as both market structure and sentiment deteriorate. Although the asset has recorded only a modest 1.3% decline over the past 24 hours, underlying conditions point to a broader shift that could accelerate losses. Rising circulating supply and weakening demand continue to tilt the balance in favor of sellers. Token unlock adds to supply overhang An upcoming token unlock is set to hit the market, with new TIA supply expected to enter circulation on the 29th of March. According to DeFiLlama, the unlock represents just 0.032% of the current circulating supply, valued at roughly $85,000 at the time of writing. While relatively small, such events often influence short-term sentiment disproportionately. Source: CoinGlass The allocation is expected to go toward research and development and core contributors within the ecosystem, indicating a utility-driven distribution. However, market reactions to unlocks tend to reflect sentiment rather than fundamentals. With broader conditions already leaning bearish, the additional supply could reinforce downside pressure. Spot market flips bearish Selling activity in the Spot market has intensified. On the 28th of March, Spot investors offloaded approximately $513,000 worth of TIA, marking a clear shift in positioning. This move follows four consecutive days of gradual accumulation, making the reversal more significant. A transition from steady buying to aggressive selling typically reflects declining conviction and a more cautious market outlook. The bearish tilt extends beyond the spot market. Derivatives data shows a similar pattern, reinforcing the broader weakness in TIA’s positioning. Source: CoinGlass The Open Interest-Weighted Funding Rate has turned negative, indicating that traders have concentrated leveraged positions on the short side. At -0.0057%, the metric reflects a growing bias toward downside bets. This positioning has already translated into losses for long traders, who have recorded nearly $99,990 in liquidations over the period,…

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Filed under: News - @ March 29, 2026 9:04 pm