#ETH质押退出动态观察 ETH Staking Ecosystem Shift, Institutional Funds Flow into DeFi, Ethereum Staking Exit Wave Continues. Data from August 18 shows that the exit queue reached 808,000 ETH, with waiting times extended to 15 days. Lido's market share declined by 2.45%, while Binance and EtherFi have emerged. 105 whale addresses withdrew $3.45 billion, with 17.37% flowing into Aave and 10.61% entering Spark Protocol, indicating a shift from staking to cross-protocol yield strategies among institutions. ETH price dropped to $4,289, and market sentiment is cautious. The withdrawal mechanism has matured since the Shanghai upgrade, but large-scale withdrawals have intensified delays. Experts predict that the staking ratio will stabilize at 25-30%, and ETH staking ETFs may bring new opportunities. Investors should closely monitor on-chain data and market trends.