Key Points:
Ethereum's queued unstaking amount has reached a new high of $12 billion, with a waiting time of 44 days.
Strategic reserves and ETF holdings have increased by 116% since July 1, alleviating market concerns about ETH sell-offs.
The number of Ethereum queued for unstaking has surged to an all-time high, as investors may be preparing to cash in on annual gains.
Last week, the Ethereum unstaking queue surpassed 2.6 million ETH, valued at $12 billion, with a waiting time of 44 days.
This is the largest withdrawal plan ever for Ethereum network validators. Validators are responsible for adding new blocks and verifying transactions in proposed blocks, playing a core role in the security system of the Ethereum blockchain.
According to ValidatorQueue data, the number of active validators has exceeded 1.05 million, accounting for about 29.4% of the total ETH supply, or approximately 35.6 million ETH.
Macro analyst MartyPary commented that this is the largest validator exit in cryptocurrency history, stating, "The Ethereum (ETH) unstaking queue is showing a parabolic rise."
While this does not mean all validators plan to sell their holdings, in the context of ETH's price rising 97% over the past 12 months, over $12 billion worth of ETH is likely to be used to lock in profits.
Cryptocurrency YouTuber Lark Davis posted on the X platform, stating, "The Ethereum exit queue has hit a historic high, with a large amount of $ETH waiting to be unstaked." He added:
The Ethereum (ETH) staking entry queue has dropped to its lowest level in four weeks, raising market concerns that the surge in the exit queue could trigger a massive sell-off.
As of the time of writing, the amount of ETH waiting to be staked exceeds 512,755 (approximately $2.3 billion), down from 959,717 on September 5, indicating that staking demand is slowing.
The continued accumulation and buying of Ethereum treasury and spot ETH ETFs are absorbing sell-off pressure.
Data from strategicethreserve.xyz shows that the combined holdings of strategic reserves and ETFs have increased by 116% since July 1, from 5,445,458 ETH to 11,762,594 ETH.
This increase indicates that the supply of Ethereum (ETH) is rapidly flowing to large institutions and enterprises.
Most of these institutions have already staked or plan to stake assets for additional returns, which could drive an increase in the staking entry queue in the coming weeks.
Another positive expectation is the potential launch of ETH staking ETFs. This means some investors may release liquidity to re-enter related products in the future to adjust market exposure, rather than completely exiting the ETH market.
The final approval deadline from the U.S. Securities and Exchange Commission (SEC) is April 2026, but well-known analyst Axel Bitblaze suggests that approval could come as early as October 2025.
According to the analyst's post on the X platform on Tuesday, "We have been waiting for the approval of the ETH ETF, but now it's just a matter of time." He added:
Last week, capital continued to flow into cryptocurrency exchange-traded products (ETPs), with Ethereum (ETH) investment products achieving a net inflow of $646 million, indicating that institutional investors' interest in ETH is rebounding.
Related: Vitalik Buterin defends Ethereum (ETH) exit queue, Galaxy Digital deletes controversial post
Original: “Ethereum (ETH) Unstaking Queue Shows Parabolic Trend: What Does It Mean for Price?”
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