Celestia Drops 15% Amid Post-Eden Launch Sell-Off

iconAMBCrypto
Share
This is the logo of the coin.
TIA
$0.6121-2.03%
AI summary iconSummary
Celestia’s [TIA] price fell 15% to $0.626 in 24 hours after Eden’s October 15 launch, which briefly lifted TIA to $0.76. Over $2 million in longs were liquidated, and Open Interest dropped 23% to $136 million. Spot buying picked up, but TIA faces a key test at the $0.60 support and resistance level. Traders are now weighing the risk-to-reward ratio before entering new positions.

After a massive rally, Celestia’s [TIA] momentum was changing. On the 15th of October, TIA rallied to $0.76 after Celestia launched Eden.

Since then, the altcoin has faced strong selling pressure, breaching $0.70 and dropping to $0.624.

At press time, Celestia traded around $0.626, down 15% over the previous 24 hours. Trading Volume also dropped 60%, indicating reduced market activity.

AD

Why are Celestia’s longs under pressure?

The price drop left Celestia [TIA] longs bleeding. According to CoinGlass, over $2 million in long positions were liquidated. These forced closures added selling pressure as traders’ bullish bets unraveled.

Celestia liquidation
Source: CoinGlass

Over the same period, Open Interest dropped 23% to $136 million, while Derivatives Volume fell 52% to $684 million.

Falling Open Interest alongside declining prices pointed to positions closing. The Long Liquidations confirmed that some bullish traders faced forced exits.

Celestia open interest
Source: CoinGlass

Together, these readings suggested a retreat from derivatives exposure as the post-rally pullback deepened.

Are Celestia’s dip buyers stepping up?

Interestingly, Spot activity told a different story.

Delta surged to 3.9 million, its highest since September 2025, according to CoinAnk. Positive Delta indicated that aggressive buy volume exceeded aggressive sell volume.

Celestia delta
Source: CoinAnk

Meanwhile, Spot Netflow fell to −$2.3 million on the 17th of October and remained negative at press time.

More TIA left tracked exchanges than entered them, potentially reducing the supply available for immediate selling.

Celestia spot flow
Source: CoinGlass

Positive Delta supported the dip-buying argument, while Exchange Outflows showed withdrawals. Together, they suggested buyers were responding to the decline.

Even so, TIA’s continued losses showed that buying had yet to stabilize the price.

Can Celestia’s price hold $0.60?

Despite emerging Spot demand, Celestia’s bullish momentum weakened. The Relative Strength Index (RSI) formed a bearish crossover and dropped to 61, signaling fading upward momentum.

However, its position above 50 suggested buyers retained some momentum advantage, despite the sharp price decline.

Celestia TIA
Source: TradingView

Further selling could drag the RSI lower and put $0.60 support under pressure. A break below could expose $0.52.

If Spot demand absorbed the selling, TIA could hold $0.60 and attempt to reclaim $0.70. For dip buyers, defending support would offer the first evidence that their buying was slowing the decline.

Final Summary

  • Celestia fell 15% as Long Liquidations exceeded $2 million and Open Interest contracted.
  • Spot buying offered some support, but TIA still needed to defend $0.60 to limit further downside.

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.