🚨 Ethereum Exit Queue Tops $4B — What’s Driving the Spike?

📈 Ethereum is seeing a surge in staking withdrawals and validator exits, raising new questions about market sentiment.

🔑 Key insights:

🔼 Exit queue jumped from 640K $ETH → 910K $ETH in 2 weeks (~$3.9B).

⏳ Current waiting period: 15 days for validator exits.

🌐 Nearly 29.5% of ETH supply (35.3M ETH) remains staked.

📉 Demand for new staking (~259K ETH / $1.1B) is far below exits.

📢 The trend suggests profit-taking is accelerating. But so far, strong inflows into spot Ethereum ETFs and accumulation by ETH treasury firms are absorbing the selling pressure.

⚡️ With the validator exit queue at historic highs and ETF speculation heating up, October could be a defining month for Ethereum’s trajectory.

#Ethereum #Crypto #Blockchain #ETF

https://coingape.com/ethereum-exit-queue-tops-4b-as-staking-withdrawals-spike-is-a-staking-etf-approval-ahead/?utm_source=linedin&utm_medium=coingape