Markets· ★★· bearish·

Celestia's TIA drops 15% after Eden launch as $2M in longs liquidated

  • —TIA trades near $0.626, down 15% in 24 hours
  • —Long liquidations topped $2 million
  • —Open interest fell 23% to $136 million
  • —Spot netflow was -$2.3 million as Delta hit 3.9 million
Why it matters: Spot buying has yet to halt the slide; holding $0.60 will decide whether TIA extends losses toward $0.52.
Source: AMBCrypto