All ETH holders take note! The PoS network has just made a big move — the staking tracking website VQ reports in real-time that the number of ETH queued for unlocking has directly surpassed 1 million, reaching 1,029,562! This is a historic high since the ETH merger, and more importantly, to withdraw these coins, you have to wait a full 17 days and 21 hours, doubling the previous average delay of 7-10 days!

On the other hand, the staking entry queue is also busy, with 753,832 ETH waiting to enter, needing to wait 13 days and 2 hours to successfully stake — on one side, millions of ETH want to 'escape,' while on the other side, hundreds of thousands of ETH want to 'enter.' The current 'long-short game' in the ETH staking market is even more exciting than market fluctuations!

First, let's break down the key signals from this data; fans should care about 3 questions:

1. 1.02 million ETH will be unlocked. Will this trigger a sell-off?

Don't panic! First, look at whose coins are being unlocked:

If retail investors are staking in the short term, concentrated unlocking may lead to selling pressure; however, given the 17-day delay, it is more likely long-term stakes from institutions or large holders are maturing (after all, retail investors rarely wait half a month to withdraw), and this type of capital is unlikely to 'dump as soon as it is available.' They are more likely to wait for favorable market conditions before moving.

Looking at the staking entry queue, 750,000 ETH is still waiting to enter, indicating that there are funds optimistic about future staking returns (current annualized ETH staking rate is about 4.5%), which can hedge some of the selling pressure from unlocking — so there is a risk of a short-term sell-off, but it won't be a 'crash-like drop'; it's more likely to be a consolidation.

2. Withdrawal delay of 17 days. What impact does this have on retail investors?

If you are also staking ETH, you must pay attention to this:

If you want to unlock now, don't hold on to the fantasy that 'urgent money can be quickly withdrawn.' The 17-day delay means you need to plan your funds in advance. Don't wait until you urgently need money and then find out you 'can't withdraw.'

If you haven't staked yet, the current 13-day entry waiting period is not short. You can first observe the market — if ETH falls to the 4400-4500 support level, entering staking then will be more cost-effective, earning annualized returns while buying at the bottom.

3. Why is there a 'wave of unlocking'?

There are two core reasons behind this:

Recently, ETH has pulled back from around 4900 to approximately 4600. Some stakers are worried about further declines and want to unlock early for safety.

Many institutions' staking periods are expiring (for example, 6 months or 12 months), which is normal capital turnover and not a 'bearish exit.'

Practical advice for fans:

For those holding coins but not staking: don't be scared by the 'million unlocks.' 4500-4400 is strong support; if it drops here, you can accumulate in batches. If it breaks below 4400, then wait and see.

For those currently staking: don't follow the crowd to unlock. If your staking annualized return is still above 4% and your funds are not urgently needed, the 17-day delay can actually help you 'hold back,' avoiding chasing highs and selling lows.

For those wanting to stake: the current 13-day waiting period means you can prepare your funds and submit your staking application once ETH pulls back to the support level. Don't enter at high fluctuations.

This set of historical data is not a 'bearish signal' but rather a 'barometer of market sentiment' — indicating that the ETH staking market is becoming more mature and that capital inflows and outflows are more rational. Moving forward, focus on two key indicators: whether the unlocking queue continues to increase and whether the 4500 support level can hold.

Follow me, and I will track ETH staking data changes in real time. Once the unlocking queue exceeds 1.2 million or the support level is broken, I will provide a strategy to help you avoid risks and seize entry opportunities!