Recently, an noteworthy phenomenon has emerged on-chain — the exit stake queue for ETH has been continuously rising.

According to the data tracking from ValidatorQueue, it is expected that nearly 1.5 million ETH will complete the stake withdrawal process by the end of this month. This scale of exit has significantly increased since September and is currently maintaining a relatively high level.

There are various interpretations of this wave of operations in the market: some say that institutions are rebalancing their assets at the end of the year, while others believe that staking service providers are adjusting their position allocation. There are also views pointing to the passive rebalancing demand caused by recent market fluctuations.

Will such a large volume of ETH concentration unlock create selling pressure on the spot price? It's still too early to draw a conclusion. Next, we may need to closely monitor the actual flow on-chain—after these coins are unlocked, how much really flows into exchanges, in order to assess the actual impact on the secondary market.

ETH9.05%

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ForkLibertarian

· 12-01 15:50

1.5 million ETH is about to be released, let's see who really gets dumped this time. --- The key to this wave of stake unlocking is still the amount flowing into the exchange; otherwise, it's just paper numbers. --- Why does it feel like every time there's a large unlocking, someone shouts about a market crash, but nothing happens... --- At the end of the year, asset rebalancing, adjusting positions, passive exits—there are plenty of reasons, anyway, whether it rises or falls can be justified later. --- Keeping an eye on on-chain flows is not a bad idea, but to be honest, I've seen this level of unlocking many times now, I'm used to it. --- 1.5 million ETH being unlocked at once is indeed a bit intense, but the actual amount flowing into the exchange is probably not that much. --- Here comes another wave, and we have to wait and see if it gets dumped... institutions have played this trick several times already. --- Spot selling pressure? It depends on the cash-out willingness; simply put, it's about whether they want to sell or not. --- Staking firms adjusting positions, institutions rebalancing—there are plenty of reasons; in the end, it still depends on how the Secondary Market reacts.

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BugBountyHunter

· 12-01 15:47

1.5 million ETH is about to be dumped? I bet five bucks that most of them are institutions playing people for suckers.

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OldLeekConfession

· 12-01 15:43

1.5 million ETH dumped all at once, are they really not afraid of dumping? But then again, we need to see how much of this number actually flows into the exchange; just thinking about it is enough to make one anxious. Staking returns vs Spot decline, it's just a game of odds. Is this a signal for institutions to play people for suckers by the end of the year? I feel like I'm about to be harvested again... Unlocking does not equal dumping, don't be too pessimistic, bro. 1.5 million is neither a lot nor a little; the key is how the subsequent funding will flow. I'm a bit worried, should I run first? This wave of ETH is really complicated, hard to see through.

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