Interesting changes have occurred in the Ethereum staking ecosystem. According to on-chain data monitoring, the PoS staking withdrawal queue has been completely cleared—this means that currently, no one is rushing to redeem ETH from staking. In contrast, the queue for entering staking is rapidly growing. Over the past 10 days, a major staking service provider has entered the market on a large scale, depositing 768,000 ETH in a single transaction. Now, the total amount of ETH waiting in the queue to stake has exceeded 1,186,000. This signal is very clear: market demand for Ethereum staking is heating up, with institutions and large investors actively positioning themselves. On one side, very few are exiting; on the other side, demand to enter is piling up—this stark contrast precisely reflects the current market sentiment—everyone is optimistic about staking returns and reluctant to exit.