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

First, this trend began in late July, but the price did not fall due to the increase in redemption data; it was more about preparing for future liquidity.

Secondly, over 60% of the unstaked ETH comes from institutional addresses. The top ten unstaking requests mostly come from exchanges like Kraken, KuCoin, and Coinbase. These ETH may not all flood the market.

I think there's no need to worry about these issues; it’s better to be concerned about old Powell’s words, microstrategy, and the fund flow of ETH, as these are the core factors that will determine whether prices can rise in the future.

Validator Queue (ETH) Validator Queue (Ethereum)