The Ethereum staking market continues to expand! 1.07 million ETH are queued for unstaking, and 730,000 ETH are waiting to enter, but there is one point worth noting.

The Ethereum staking market continues to expand: Currently, there are 734,256 ETH waiting to enter, worth approximately $3.3 billion; while 1,071,108 ETH are waiting to be unstaked, valued at about $4.9 billion. (Background: 890,000 ETH have been waiting too long for unstaking) Major holders prefer to take a loss of $50,000 to accelerate the cash-out of 4,242 stETH) (Background information: The Ethereum staking market is congested! 520,000 ETH are queued for unstaking, and 360,000 ETH are flowing into staking… Is this related to Sun Yuchen?) The Ethereum staking market has shown an extreme phenomenon of double expansion since July, with the number of ETH queued for unstaking and the number entering staking both soaring. However, the continuing suppression of the number of ETH waiting to enter staking by the volume being unstaked has become one of the significant reasons for Ethereum's multiple spikes followed by sell-off in the past month. According to the latest data from validatorqueue, the number of Ethereum waiting to be unstaked and the number queued to enter staking continues to rise: currently, there are 734,256 ETH waiting to enter, worth approximately $3.3 billion, with a waiting time of about 12 days; while 1,071,108 ETH are waiting to be unstaked, valued at about $4.9 billion, with a waiting time of about 18 days. However, it is noteworthy that the growth trend of the unstaked Ethereum has significantly slowed down in the past 7 days, while the number of ETH waiting to be staked has shown a more evident upward trend, narrowing the gap between the two. Is the selling pressure about to end, and is an uptrend approaching? Since the unstaked Ethereum is usually held by OG holders looking to cash out and secure profits when Ethereum reaches a historical high, the newly queued ETH for staking typically comes from new money entering the crypto space, which means buying pressure from institutional funds (such as Bitmine, SharpLink, and other Ethereum treasury companies). These companies claim to hold and stake Ethereum long-term to maximize their profits. Therefore, some analysts point out that when the gap between the unstaked Ethereum and the queued Ethereum narrows, and the number of ETH waiting to enter staking surpasses the number being unstaked, it may signal that ETH is about to enter a new round of increase. However, some analysts also note that the waiting times for both remain relatively long. If the number of ETH waiting to enter staking continues to be suppressed by the number being unstaked, Ethereum may still find it difficult to experience a significant rise in the short term. There is still a challenging road ahead to reach the target prices predicted by major institutions (for example, Bitmine chairman Tom Lee predicts ETH will reach $10,000 by the end of the year, while Standard Chartered believes ETH will break $7,500). Related reports: Technical debt is piling up, and Ethereum chooses to 'start over' with RISC-V. Ethereum chain game Xai angrily sues Musk: xAI trademark infringement, misleading the market, and netizens debate: is it opportunism or a just battle? The $125,000 'rolling king' profit has retreated again! Ethereum longs plummeted from a floating profit of $6.16 million to $1.13 million, with net comments: 'It will eventually end badly.' The Ethereum staking market continues to expand! 1.07 million ETH are queued for unstaking, and 730,000 ETH are waiting to enter, but there is one point worth noting. This article was first published on BlockTempo (the most influential blockchain news media).