🚨What do experts say about more than $3.5 billion in ETH waiting to be unstaked in August
📍In short
🔸More than 767,000 ETH worth $3.5 billion are waiting to be unstaked in August, reaching the highest level since May 2021.
🔸Bears warn of increased selling pressure, pointing to previous price declines associated with large unstaking queues.
🔸Optimists argue that flows from exchange-traded funds and decentralized finance reinvestment could offset selling and stabilize ETH prices.