The Ethereum staking market continues to expand! 1.07 million ETH are queued for unstaking, 730,000 ETH are waiting to enter, but there is one point worth following.

The Ethereum staking market continues to expand: there are currently 734,256 Ethereum coins waiting to enter, worth around $3.3 billion; There are 1,071,108 pending unstake, valued at approximately $4.9 billion. (Synopsis: 890,000 ETH unpledged for too long" Dahu Ning cut 50,000 US dollars of meat and accelerated the cashing out of 4242 stETH) (Background supplement: Ethereum staking market jam! 520,000 ETH queued up to be unstaked, 360,000 ETH poured into staking… Related to Justin Sun? Since July, the Ethereum staking market has seen an extreme phenomenon of two-pronged inflation, with the number of ETH queuing to unstake and the number of ETH queuing to enter the staking both soaring, but due to the continuous suppression of the number of Ethereum queuing to enter the market, it has also become one of the important reasons why Ethereum has repeatedly soared and encountered selling pressure in the past 1 month. According to the latest data from validatorqueue, the number of Ethereums waiting to be unstaked and those queuing to enter staking continues to rise: there are currently 734,256 Ethereum waiting to enter, worth about $3.3 billion, and the waiting time is about 12 days; There are 1,071,108 coins waiting to be unstaked, worth approximately $4.9 billion, with a waiting time of approximately 18 days. However, it is worth noting that in terms of the growth trend, the number of unstaked Ethereum has slowed down significantly in the past 7 days, while the number of Ethereum waiting to be staked has shown a more obvious upward trend, and the gap between the two is narrowing. The selling pressure is coming to an end and the rally is coming? Since the unstaked Ethereum, it is usually OG holders who see Ethereum hitting a record high, hoping to take profits at this time and drop their pockets; The new queue for staking of Ethereum is usually the new money injected into the coin circle, that is, the buying brought by institutional funds (such as Bitmine, SharpLink and other Ethereum vault companies), which declare that they will hold and pledge Ethereum for a long time to maximize their profits. Therefore, some analysts pointed out that when the gap between the number of unstaking and the number of Ethereum queuing to enter is getting smaller and smaller, and even the number of Ethereum queuing to enter exceeds the number of unstaked, it may be regarded as a signal that ETH is about to usher in a new round of rise. However, some analysts pointed out that the waiting time between the two is still long, if the number of Ethereum queuing into staking is still suppressed by the number of unstaked Ethereum, Ethereum may still be difficult to rise sharply in the short term, and there is still a difficult way to go from the predicted target price of major institutions (such as Bitmine chairman Tom Lee predicts that ETH will rush to $10,000 by the end of the year, and Standard Chartered Bank believes that ETH will break through $7,500). , Related reports Technical debt peaks, Ethereum chooses to use RISC-V to “tear down and start over” Ethereum chain game Xai angrily sued Musk: xAI trademark infringement, misleading the market, netizens are hotly discussed: touch porcelain or a just battle? $125,000 “Rolling King” profit drawdown! Ethereum’s single floating profit of 6.16 million magnesium plummeted to 1.13 million, online comment: Sooner or later it will be finished [Ethereum staking market continues to expand! 1.07 million ETH queued up to be unpledged, 730,000 ETH waiting to enter, but one thing is worth paying attention to" This article was first published in BlockTempo “The Most Influential Blockchain News Media”.