Celestia 的 TIA 代币显示出卷土重来的迹象，但交易员的获利了结可能会威胁其反弹

Celestia 的 TIA（一种最近引起许多投资者关注的数字资产）在经历了一个月的艰难亏损后，已经显示出卷土重来的迹象。

After a rough month with significant losses, Celestia’s digital asset, TIA, has shown signs of recovery with a 6.10% gain in 24 hours. However, this rally might face a challenge due to increasing profit-taking by traders, as indicated by Exchange Netflow, which reveals a large amount of TIA being moved to exchanges with the intent to sell. Despite the selling pressure, TIA’s price is attempting to push higher, facing a crucial resistance level at 4.525. If this resistance holds strong, there’s a possibility of TIA falling back to lower price points.

在经历了一个月的大幅亏损后，Celestia 的数字资产 TIA 出现了复苏迹象，24 小时内上涨了 6.10%。然而，正如 Exchange Netflow 所表明的那样，由于交易者获利回吐的增加，这一涨势可能会面临挑战，该数据显示大量 TIA 被转移到交易所以意图出售。尽管面临抛售压力，TIA 的价格仍试图走高，面临 4.525 的关键阻力位。如果该阻力位保持强劲，TIA 有可能回落至较低价格点。

On the other hand, Open Interest and Funding Rates suggest a positive outlook for TIA, indicating that many traders are still expecting further price increases and that the asset is trading at a premium, respectively. Together, these factors suggest that the market remains bullish on TIA, despite the short-term selling pressure.

另一方面，未平仓合约和融资利率表明 TIA 前景乐观，表明许多交易者仍预计价格进一步上涨，且资产交易溢价。总之，这些因素表明，尽管存在短期抛售压力，但市场仍然看好 TIA。

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After a sharp 19.23% drop in the past month, TIA has managed to make a small recovery, gaining around 6.10% in just 24 hours. This bounce back is a positive sign for investors who have been watching the coin closely. A lot of market watchers had hoped that TIA would rebound quickly, and it has shown some promising signs.

在过去一个月大幅下跌 19.23% 后，TIA 现已小幅回升，在短短 24 小时内上涨了约 6.10%。对于一直密切关注该代币的投资者来说，这种反弹是一个积极的信号。许多市场观察人士曾希望TIA能够迅速反弹，现在已经显示出一些可喜的迹象。

But this recovery might not be as smooth as it seems. The cryptocurrency market can be highly volatile, and TIA’s recent bounce has come with a new challenge: the increasing activity of profit-taking among traders.

但这种复苏可能并不像看起来那么顺利。加密货币市场可能高度波动，TIA 最近的反弹带来了新的挑战：交易者获利了结活动的增加。

Profit-taking is a common occurrence in financial markets, especially after an asset experiences a sharp rise in value. In the case of TIA, many traders who bought the asset at lower prices are now moving their holdings to exchanges with the intention of selling. This often happens when traders see a short-term profit opportunity and want to cash in rather than hold out for potentially higher prices down the road.

获利回吐在金融市场中很常见，尤其是在资产价值大幅上涨之后。就 TIA 而言，许多以较低价格购买该资产的交易者现在正将其持有的资产转移到交易所，以期出售。当交易者看到短期盈利机会并希望套现而不是等待未来可能上涨的价格时，通常会发生这种情况。

Recent data from Coinglass, a platform that tracks market activity, reveals a surge in Exchange Netflow for TIA. Exchange Netflow measures the movement of assets from private wallets to exchanges. A positive netflow (more coins being transferred to exchanges) typically signals that traders are preparing to sell. In just one hour, $277,000 worth of TIA was moved to exchanges, which indicates growing selling pressure.

跟踪市场活动的平台 Coinglass 的最新数据显示，TIA 的 Exchange Netflow 激增。 Exchange Netflow 衡量资产从私人钱包到交易所的流动情况。正的净流量（更多的代币被转移到交易所）通常表明交易者正在准备出售。短短一小时内，价值 277,000 美元的 TIA 被转移到交易所，这表明抛售压力越来越大。

Even as TIA experiences selling pressure, its price is still trying to push higher. Currently, TIA faces a significant resistance level at 4.525. Resistance is essentially a price level at which selling pressure is strong enough to prevent the price from going higher. In the past, TIA has struggled to maintain upward movement past this level.

尽管 TIA 面临抛售压力，但其价格仍在试图走高。目前，TIA面临重要阻力位4.525。阻力位本质上是一个价格水平，在此水平上抛售压力足以阻止价格走高。过去，TIA 一直难以维持超过这一水平的上升趋势。

If this resistance holds, there’s a chance TIA could fall back to lower price points, potentially reaching around 4.161. Further downside risk could see TIA testing even lower levels like 3.722. This would mean that the bullish momentum could stall, and traders might find themselves trapped in a downtrend if they don’t time their trades carefully.

如果该阻力位保持不变，TIA 有可能回落至较低价格点，可能达到 4.161 左右。进一步的下行风险可能会导致 TIA 测试甚至更低的水平，如 3.722。这意味着看涨势头可能会停滞，如果交易者不仔细把握交易时机，他们可能会发现自己陷入下跌趋势。

Despite the rising profit-taking activity, there are still some indicators pointing to a positive outlook for TIA. One such indicator is Open Interest, which measures the total value of unsettled futures contracts. At the time of writing, TIA’s Open Interest stands at around 14.69%, valued at $266.49 million. This suggests that many traders are still holding long positions, expecting further price increases.

尽管获利了结活动不断增加，但仍有一些指标表明 TIA 前景乐观。其中一项指标是未平仓合约，它衡量未结算期货合约的总价值。截至撰写本文时，TIA 的未平仓合约约为 14.69%，价值 2.6649 亿美元。这表明许多交易商仍持有多头头寸，预计价格进一步上涨。

Another important metric is the Funding Rate, which shows the balance between long and short positions in the market. Currently, the Funding Rate remains positive, meaning long traders are willing to pay shorts to help balance the market. This positive funding is typically seen as a sign of growing confidence that the asset will continue its upward trajectory, even in the face of short-term selling pressure.

另一个重要指标是资金费率，它显示了市场多头和空头头寸之间的平衡。目前，资金费率仍然为正，这意味着多头交易者愿意支付空头费用以帮助平衡市场。这种积极的融资通常被视为一种迹象，表明即使面临短期抛售压力，该资产仍将继续其上行轨迹。

Together, these two factors indicate that the market remains optimistic, with a strong base of traders still betting on TIA’s price to rise.

这两个因素共同表明市场仍然乐观，大量交易员仍然押注 TIA 价格上涨。

On the flip side, it’s also important to note that liquidations — when traders are forced to sell their positions due to price drops — could present a serious roadblock for TIA. Recently, $1.11 million worth of long positions were liquidated, which pushed the price lower and added to the downward pressure. These liquidations often snowball, causing further price drops as traders are automatically forced to sell.

另一方面，还需要注意的是，清算（当交易者因价格下跌而被迫出售头寸时）可能会给 TIA 带来严重的障碍。近期，价值111万美元的多头头寸被平仓，导致价格走低，加大了下行压力。这些清算通常会像滚雪球一样越滚越大，导致价格进一步下跌，因为交易者会自动被迫抛售。

This type of selling pressure can create a temporary downtrend, but it’s not necessarily a death sentence for TIA’s rally. The key question is whether the broader market will absorb this selling and continue pushing the price upward, or whether the liquidations will lead to a more sustained price decline.

这种抛售压力可能会造成暂时的下跌趋势，但这并不一定是对 TIA 反弹的死刑宣判。关键问题是，更广泛的市场是否会吸收这种抛售并继续推高价格，或者清算是否会导致价格更持续的下跌。