Celestia (TIA) Price Rising by 50% Triggers Historical Shorting
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Celestia (TIA) saw a significant price increase, making it one of the top-performing assets. However, this rally drove investors to short the altcoin heavily. The Open Interest doubled from $80 million to $190 million, indicating a surge in trading activity. Additionally, the funding rate turned negative, reflecting bearish sentiment. Traders anticipate a potential price drop to $4.9 from its current $6.6, although a rise beyond $7.2 could invalidate this bearish outlook.
Source: beincrypto.com ↗
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