Celestia TIA · perps

TIA's perpetual futures market shows modest positioning with $19.9M in open interest and a leverage risk score of 7, indicating relatively low fragility compared to other assets. The aggregated funding rate stands at 5.07%, placing it at the 48th percentile over the past ninety days—neither stretched nor depressed relative to recent history, suggesting balanced sentiment between longs and shorts without obvious crowding in either direction.

Recent activity tells a mixed story. Open interest declined 5.4% over the last 24 hours while rising 6.7% across the week, reflecting some near-term position closure offset by a broader accumulation trend. More notably, the liquidation imbalance registered at -0.92 over 24 hours, indicating substantially more short liquidations than long ones. This suggests that shorts faced significant margin pressure during the period, though the low absolute risk score and moderate funding rate imply the market remains relatively stable and not acutely leveraged overall.