ETH Staking Update: Exits Digested, Entries Surge

In mid-September, ETH price surged to this year's peak near $4,700, with a whopping 2.66 million ETH opting to exit staking. After three and a half months of digestion, the amount of ETH waiting to exit staking has now been almost fully processed, leaving only 80,000 ETH remaining. During the digestion of these approximately 2.6 million ETH exiting staking, ETH price dropped by 34%: from $4,700 in mid-September to the current $3,100. Now, the situation has completely reversed. The amount of ETH waiting to enter staking far exceeds the amount exiting: thanks to Ethereum treasury company @BitMNR (BMNR) staking a large amount of ETH recently (593,152 ETH deposited in the past 8 days), the number of ETH waiting in the staking queue has exceeded 1 million. Data: https://www.(validatorqueue.com)/ The ETH exiting staking has been mostly digested, while the amount entering staking is now growing. The tables have turned, ETH --------------------------------------------------------- ｜Bitget VIP, lower fees, crazier perks