Ethereum Exit Queue at 2.4M ETH with 41-Day Delay
Ethereum exit queue peaked at over 2.6M ETH (~$12B) with a record 44-day withdrawal wait in July. Recent on-chain data shows the Ethereum exit queue has since fallen to 2.412M ETH (~$10.8B), cutting the withdrawal delay to 41 days, though sweep delays remain around 9.1 days. New staking demand has also weakened, with the staking queue holding about 320k ETH and validator admission waits averaging 5 days 14 hours. Traders should note this easing in exit pressure may reduce sell-side risk, but prolonged withdrawal and sweep delays continue to constrain ETH liquidity. Monitoring these queue metrics can guide trading and liquidity strategies.
Neutral
The decline in the Ethereum exit queue from over 2.6M to 2.412M ETH suggests reduced selling pressure, which could support ETH prices in the short term. However, the continued 41-day withdrawal delay and 9.1-day sweep delay constrain liquidity, limiting market access and potential trading volume. Additionally, weaker staking inflows indicate cautious sentiment among new stakers. Overall, while pressure to exit has eased, persistent delays and lower staking demand create a balanced outlook, suggesting a neutral market impact.