TIA sell pressure rises ahead of $85K token unlock

Celestia’s TIA is showing a bearish shift as traders look ahead to a token unlock and technical support breaks. Despite only about a 1.3% 24h decline, spot and derivatives signals have weakened. Token unlock: A supply event due on March 29 is expected to add an estimated $85K worth of TIA to circulation (about 0.032% of current circulating supply). Even when unlocks are small, the market often prices the future supply overhang into near-term sentiment. Spot market: On March 28, spot investors sold roughly $513K of TIA after four straight days of accumulation—an abrupt reversal that typically reflects deteriorating conviction. Derivatives: Open interest-weighted funding turned negative (-0.0057%), suggesting leveraged positioning is tilted toward shorts. Long traders have taken heavier damage, with nearly $99,990 liquidated versus about $16,690 for shorts. Technical picture: TIA has broken below a consolidation range that held since Feb 5 and is trading under the $0.2967 support level. A sustained close below $0.2967 could increase odds of a move toward the $0.233 area. Traders should watch whether TIA can reclaim key levels; otherwise, the path of least resistance remains down, especially with the unlock narrative reinforcing bearish positioning.