NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin, Ethereum, And XRP In Freefall: What’s Driving The Current Crypto Slump?
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin, Ethereum, And XRP In Freefall: What’s Driving The Current Crypto Slump?

Celestia (TIA) Set For Major Breakout? Top OTC Exec Warns Of Supply Shock

Jake Simmons
Jake Simmons
10 months ago
3 mins read
Celestia TIA News

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

In an analysis shared on X, Taran Sabharwal, CEO of Stix—a leading OTC trading platform specializing in liquidity solutions for private crypto transactions—provided insights into the upcoming unlock dynamics of the Celestia (TIA) token scheduled for October 31, 2024. His assessment suggests that the market may be underestimating the potential impact on TIA’s price action heading into November.

Why Celestia (TIA) Could Be A Buy

“TIA – an OTC story,” Sabharwal began. “We used on-chain data (via @celenium_io API) to judge exactly how the unlock dynamics may shape TIA’s PA going into Nov. The results are in the table above. We’ve summarized that a total of 92.3M TIA will be liquid post unlock, which would act as the upper bound of overall spot selling pressure.”

Interestingly, this figure accounts for less than 50% of the total cliff unlocks, suggesting that the actual sell pressure may be only half of what the market has been anticipating. Sabharwal highlighted that the real increase in circulating supply compared to the current supply indicates a 41.8% dilution.

Related Reading

SEI, dogwifhat, WIF, Celestia, Solana, tron, BNB, chainlink

Celestia (TIA) Leads Crypto Market With 16% Surge, Will It Hit $7 This Month?

11 months ago

A significant factor in this dynamic is the activity of OTC buyers who acquired large amounts of the initial unlock and hedged on perpetual futures, causing open interest to surge in recent months. “We expect many of these shorts to continue winding down, partially negating the spot-selling pressure,” he explained. This unwinding could serve as a bullish signal for spot buyers due to the potential reset in funding rates.

Sabharwal’s analysis included several key assumptions. OTC round buyers possess an 11 million TIA cliff unlock, included in the non-staked token category since these tokens originated from treasury wallets not tagged on the blockchain explorer. His team mapped a total of 292 vesting wallets but acknowledged some gaps, which were also included in the non-staked category.

Reflecting on TIA’s OTC history on Stix, Sabharwal observed that Celestia has been one of the most actively traded assets in the OTC market this cycle. Early in the cycle, it offered an attractive opportunity for directional buyers, while sellers were eager to realize large unrealized profits without expecting an imminent bull market in Q3 2023.

He continued: “In Q1 2024, the bull had matured and TIA rallied to $20+. OTC activity was minimal here as sellers didn’t want to take larger discounts (40+%) and buyers didn’t want to bid higher than the $8.5 ceiling. We saw almost no activity as sellers were ‘feeling’ rich and wanted to stay risk-on, despite having the opportunity to realize 100-800x on their investments.”

Related Reading

Celestia TIA

Celestia Plans For 1 GB Blocks For Scaling: Why Are TIA Holders Worried?

1 year ago

The dynamics shifted when TIA fell below $5. This was around the time when the Celestia Foundation started raising its OTC round of $100M at $3. “The vesting for buyers was the same as those of private investors—33% unlock on Oct 31 2024 (<2 months from the round) and a 12-month linear unlock,” Sabharwal noted.

During the third and fourth quarters of 2024, aggressive OTC trading activity resumed, with sellers offloading various positions. Stix alone facilitated approximately $60 million in TIA volume since July, suggesting that total trading volume could exceed $80 million across all liquidity channels, assuming Stix holds a 75% market share in the OTC space.

Summing up his analysis, Sabharwal concluded: “TLDR: Shorts will keep unwinding into the unlock and funding rates may reset to 0 or positive. People who missed the 9th October unstaking deadline may also have unstaked during October, causing further spot supply (ready to be sold) going into November. Either way, the supply shock is massive and it’s been the most broadcasted unlock of this cycle. That, coupled with suppressing OTC discounts, may create a lot of action for the coin.”

Renowned crypto analyst Will Clemente also weighed in on the developments via X: “Great piece on $TIA OTC activity by Taran from Stix. TLDR: OTC discount to spot in the private market has compressed over the last year, showing growing demand into the unlock. Stix alone has done $60mm in TIA OTC volume since July.”

Clemente added his perspective on the potential market impact: “I think this BTC price action has further slid the probability of Thursday’s TIA unlock being bearish towards ‘no’. 6 months of reaccumulation after 80% drawdown, ton of OTC volume, most widely telegraphed unlock in crypto history, 9 figs short, BTC nearing ATHs. Am long rn.”

At press time, TIA traded at $5.00.

Celestia TIA price
TIA price needs to break the red resistance area, 1-day chart | Source: TIAUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com
Tweet123Share196ShareSend
Jake Simmons
Jake Simmons

Jake Simmons

Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with NewsBTC.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field.

Read more

His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone.
With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake’s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage.

Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control.

For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality.

As a journalist, Jake’s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies.

In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it’s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake’s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time.

You can engage with his latest takes on Twitter: @realJakeSimmons.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

迷因幣回檔 Snorter Bot Token 持續捕獵新機會 ICO 募資已破400萬美金

基於 Telegram 的交易機器人Snorter Bot Token (SNORT)在大盤迷因幣降溫的背景下,依然在 ICO 階段完成 400 萬美金募資。 投資者之所以持續加碼,是因為 Snort...

estherw 5 hours ago
Solana

From Store Of Value To DeFi Powerhouse: Solana Unlocks Bitcoin’s True Utility — Here’s How

Bitcoin has been celebrated as digital gold and a secure store of value with limited functionality, but Solana’s high-speed, low-cost...

Godspower Owie 5 hours ago
Crypto news

Crypto Bloodbath Shakes Market—But Is The Real Storm Still To Come?

Crypto absorbed its largest liquidation shock of 2025, with the heaviest single-day wipeouts since summer 2023 for ETH and SOL...

Jake Simmons 6 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum, ETH, Crypto

Analyst Says Ethereum Bounce Is Imminent As BitMine Continues To Accumulate

Rubmar Garcia 21 minutes ago
bitcoin-consolidation-zone-revealed-hyper-raises-17-5m-layer2-tw

比特幣價格盤整關鍵區間曝光 HYPER預售狂吸1,750萬美元成Layer 2潛力新星

Mark Mak 3 hours ago
dogecoin-x5-prevente-maxi-doge

Grayscale Files For New Dogecoin ETF Amid Approval Expectations, Is The Next Price Surge Coming?

Sandra White 4 hours ago

Premium Sponsors

Press Releases

  • 5 mincí, které by v kryptobublině v roce 2025 mohly dosáhnout 10 miliard dolarů

    5 mincí, které by v kryptobublině v roce 2025 mohly...

    12 hours ago
  • 5 érme, amelyek 2025-ben elérhetik a 10 milliárd dollárt a kriptobuborékban

    5 érme, amelyek 2025-ben elérhetik a 10 milliárd...

    12 hours ago
  • 5 monet, które mogą osiągnąć 10 miliardów dolarów w bańce kryptowalutowej w 2025 roku

    5 monet, które mogą osiągnąć 10 miliardów dolarów w...

    12 hours ago
  • 5 монети, които биха могли да...

    13 hours ago
  • Pet kriptovaluta koje u kripto balonu 2025. mogu dosegnuti tržišnu vrijednost od 10 milijardi dolara

    Pet kriptovaluta koje u kripto balonu 2025. mogu dosegnuti...

    14 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.