ChainCatcher message, according to validatorqueue data, the current exit queue of the Ethereum PoS network is reported to be 788,624 ETH, worth approximately $3.651 billion, setting a historical record for the scale of exits in terms of coin value. Meanwhile, approximately 332,846 ETH is queued to join the network.

This situation reflects two opposing forces in the market: on one hand, some stakers may have chosen to cash out after Ethereum rebounded over 160% since the low in April, leading to a surge in the exit queue; on the other hand, new deposits driven by favorable regulations and institutional demand are also pushing up the entry queue, as listed companies like SharpLink Gaming and BitMine Immersion increase their holdings of ETH and stake.