Celestia hit 102% volume spike after v9.0.4 upgrade — spot bulls ran the show while futures kept selling 🎯

Celestia's v9.0.4 network upgrade triggered a sharp pickup in trading activity after the blockchain completed the rollout on July 1 at block height 11,771,698, with exchanges briefly pausing deposits and withdrawals without disrupting trading. Celestia [TIA] climbed 10.12% over the prior 24 hours and traded near $0.4060 during the move, while daily trading volume jumped 102.19% to $59.5 million. The surge in participation followed the successful upgrade rather than fading speculation, according to market data reviewed.

Beneath the rally, derivatives positioning painted a more cautious picture. The 90-day Futures Taker CVD remained seller-dominant, indicating market participants continued executing aggressive sell orders rather than lifting offers. TIA still held its gains, implying spot demand absorbed much of the futures-driven selling pressure and kept price direction in the hands of buyers rather than leveraged flow.

Leveraged longs, however, maintained conviction through the funding market. The OI-Weighted Funding Rate stayed positive and reached roughly 0.0057%, showing long-position holders continued paying funding to keep exposure open. Combined with the seller-dominated Taker CVD, the indicators pointed to mixed sentiment: spot buyers defended price while futures traders leaned on the sell side.

On the chart, Celestia [TIA] was approaching a decisive technical level after completing a developing cup-and-handle formation beneath the $0.4045 neckline. Price had already pushed back toward that resistance after recovering from June lows near $0.30, with the handle forming inside a falling channel before breaking above its upper boundary. The Relative Strength Index (RSI) rose to 56.90 while its moving average sat near 51.16, signaling strengthening buying momentum without reaching overbought conditions.