The harshest in history! $39.1 billion in ETH collectively withdraws, but new money is crazily queuing to enter! What is Ethereum really brewing?
Brothers, something big has happened!
The latest data from validatorqueue has revealed a shocking secret: the amount of ETH exiting staking on the Ethereum PoS network has soared to 910,461, setting a historical record in coin terms, which amounts to $39.1 billion at current prices!
What does this mean?
It's simple, old players 'withdraw and leave', and a group of whales chooses to cash out after ETH soared from the April low. Just think, if this scale of selling pressure truly hits, it won't be a small disturbance; it can smash the entire market into a pit!
But dramatically, on the other side, 268,217 ETH are queuing to enter! What is the force behind this? It is favorable regulation + institutions scrambling to buy. Companies like SharpLink Gaming and BitMine Immersion are increasing their holdings of ETH and are directly staking it! In other words, fresh institutional funds are 'taking over' and even scrambling to buy.
