Celestia’s TIA posts biggest monthly gain this year, even as Spurs Hedging $1.13B token unlock looms

Shorting bias, likely arising from hedging activity, may have resulted in a “short squeeze,” contributing to the increase in TIA. A short squeeze occurs when the asset’s price remains resilient against expectations, forcing bears to close out their positions, which are bets that an asset will fall. This, in turn, puts upward pressure on prices.