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

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

Quick Summary:

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.

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.

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.

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets:

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News Sentiment: Neutral

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Article Type: News Report

Published On: 2024-10-30 @ 23:00:11 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 702 words

Reading Time: 4 minutes read

Sentences: 76 lines

Sentence Length: 10 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 23343071

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Update Frequency: 5 posts per day

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News Last Updated: 11 hours ago

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