Ethereum Staking Exit Queue Don Reach 873K ETH Wait Time Na 15 Days
Data Wey Beaconchain an Validatorqueue show say Ethereum staking exit queue don jump from about 831,000 ETH go near 873,000 ETH since the Shanghai upgrade allow withdrawals. Di withdrawal wait time don rise to about 15 days from about 14 days Wey dem measure before. Meanwhile, di validator activation queue get about 260,000 ETH with expected activation delay of about 4.5 days. The growing Ethereum staking exit queue mean say validator dem dey churn more and network reach e capacity limits. Traders suppose watch di exit queue trends and validator activation delays well-well, because if withdrawal wait time long, e fit make selling pressure high and affect ETH supply.
Bearish
Wetin be say di rising Ethereum staking exit queue and long waiting time for withdrawal mean say di validators dey unwind dia position, e dey cause selling pressure to increase. For short time, dis go fit cause price down pressure inside ETH because more sell orders. For long run, the consistent queue growth fit be sign say network dey congested and e fit affect staking incentives, further weigh down market feeling and price stability.