According to BlockBeats, the Ethereum Proof-of-Stake (PoS) network has experienced a continuous decline in the number of ETH in the exit queue for nine consecutive days, currently standing at 698,120 ETH, valued at approximately $3 billion. The waiting time for exiting is estimated to be around 12 days and 3 hours.
Conversely, the queue for ETH waiting to join the network has increased to approximately 860,782 ETH, valued at around $3.7 billion, with an expected activation delay of about 14 days and 23 hours.
This situation highlights two opposing market forces. On one hand, some stakers may be opting to secure profits following Ethereum's significant rebound from its April lows, leading to a surge in the exit queue. On the other hand, new deposits driven by regulatory benefits and institutional demand are boosting the entry queue, with companies like SharpLink Gaming and BitMine Immersion increasing their ETH holdings and engaging in staking.
