Recently, 910,000 ETH were unstaked, setting a new historical high. Some friends asked me whether this influx into the market would bring greater selling pressure.

First of all, this trend started in late July, but the price did not drop due to the increase in redemption data; it was more of a preparation for future liquidity.

Secondly, more than 60% of the unstaked ETH comes from institutional addresses, with the top ten withdrawal requests mostly from exchanges like Kraken, KuCoin, and Coinbase. Not all of this ETH will necessarily flood the market.

I think we shouldn't worry about these issues; it's better to be concerned about what old Powell has to say, as well as the fund flows of MicroStrategy and ETFs, which are the key factors determining whether the price can rise in the future.