Over the last month, open interest in Celestia (TIA) has decreased by half, reaching $113 million as of March 30, while a month earlier it was at $233 million. The market reacted to the drop in investor activity, with many opting for a wait-and-see strategy in anticipation of more favorable conditions to enter positions.

This decline in interest could have been due to the high correlation of TIA with BTC, which is at 0.96, indicating potential corrections in the near future.

The price forecast for TIA is not encouraging: after testing the $9.2 level, a decline to the next support at $8.3 is likely. Breaking through this level would confirm a "bearish" scenario, potentially leading to a drop to $7.

However, a potential rebound from $8.3 could lead to a return to the $10 mark and offset some of the losses, making the "bearish" forecast less likely.

In the context of these events, investors should be cautious about market movements and be prepared for possible corrections, especially considering the close link with Bitcoin. This situation highlights the volatility of the cryptocurrency market and the need for a critical approach to investing in altcoins such as Celestia.