【TIA will unlock a huge amount of stocks tonight, and OTC trading has already digested an estimated $80 million of selling pressure】 on October 30, TIA will unlock about 176 million tokens at 20:00 today (UTC+8), accounting for 80.13% of the current circulation, or about $900 million. Taran, founder of the over-the-counter trading platform STIX, said in a post that on-chain data was used to accurately determine how unlocking dynamics affect TIA. TIA has a 21-day unstaking period. Those who want to unlock TIA for trading today have already done so. According to statistics, a total of 92.3 million TIA will be liquid after today's huge unlocking, which will serve as the upper limit of the overall spot selling pressure, equivalent to a maximum selling pressure of about $460 million, accounting for less than 50% of the total number of cliff unlocks, which means that the selling pressure is half of what people expected.A large amount of TIA that was unlocked for the first time was sold to over-the-counter buyers who used perpetual contracts for hedging, causing TIA open interest to rise sharply in the past few months. Shorts are expected to continue to decline and partially offset spot selling pressure. This cliff unlocking could be a bullish signal for spot buyers.There is no doubt that Celestia is one of the most traded OTC assets in this cycle. TIA's OTC trading activity in the third and fourth quarters of 2024 was very active, and the trading platform STIX has traded about $60 million since July, which may indicate that the real trading volume through various liquidity channels is more than $80 million (STIX has about 75% of the OTC market share). In any case, the supply shock is huge and will bring a lot of volatility to TIA