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Celestia’s $1B TIA unlock: Market positioned for less impact than feared

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According to crypto OTC firm, the expected $1B sell pressure from TIA unlock could be overblown as only half of that will hit markets.

Taran Sabharwal, founder of crypto OTC firm Stix, projected that the sell-pressure could be half of the token unlocks , as only half have been unstaked for sell-off on October 31st. He

“We expect a lot of these shorts to continue winding down, partially negating the spot-selling pressure. This funding reset may be a bull signal for spot buyers.” “With unlocks getting absorbed by the market and shorts starting to cover, it could be one of the best entries on $TIA for those bullish on the ETH modularity narrative.”

 

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