Brothers, something big has happened!
The latest data from validatorqueue has revealed a shocking secret: the amount of ETH exiting staking on the Ethereum PoS network has soared to 910,461, setting a historical record in coin terms, which amounts to $39.1 billion at current prices!
What does this mean?
It's simple, old players 'withdraw and leave', and a group of whales chooses to cash out after ETH soared from the April low. Just think, if this scale of selling pressure truly hits, it won't be a small disturbance; it can smash the entire market into a pit!
But dramatically, on the other side, 268,217 ETH are queuing to enter! What is the force behind this? It is favorable regulation + institutions scrambling to buy. Companies like SharpLink Gaming and BitMine Immersion are increasing their holdings of ETH and are directly staking it! In other words, fresh institutional funds are 'taking over' and even scrambling to buy.
So now the market has developed a super torn pattern:
Exit wave = Bullish chips being cashed out → Potential selling pressure
Entry wave = New money support → ETH's medium to long-term belief is still strengthening
It's like a tug-of-war: on one side, old players are fleeing, and on the other side, new institutions are taking over; who is stronger will determine whether Ethereum will plummet or welcome the next wave of major uptrends!
Even harsher is that this 'staking offensive and defensive battle' not only concerns ETH but will also directly affect the entire cryptocurrency market's sentiment. If the market interprets this as 'whales fleeing', short-term panic selling may be triggered; but if the funding continues to be strong, ETH is likely to leverage institutional entry to initiate a new cycle of 'whale turnover'!
The undercurrents of a century-old duel between bulls and bears
When retail investors cheered for 268,217 ETH entering the market, Old Zhu exclusively dissected the bloody truth: the exit/entry capital ratio reached 3.4 : 1! This is by no means a healthy turnover, but rather a unilateral massacre of profit-taking against new funds! It is especially worth noting that it takes 37 days to queue for exit, which means selling pressure will continue until the end of September, and the bears have obtained a natural ammunition depot!
The hidden hand surfaces
On-chain data reveals key signals: this exit wave highly coincides with the 80% surge of ETH in April! Those whales who built positions below $3000 are now initiating the 'harvest program' above $4000. More critically, the US SEC's sudden review of staking service providers this month forces institutions to passively reduce their holdings, forming a dual strangulation!
The wealth-building code against the trend
But Old Zhu discovered a stunning reversal opportunity: listed companies like SharpLink and BitMine are frantically buying 260,000 staked ETH, and BlackRock's ETH spot ETF countdown has already begun! Historical experience shows that when retail investors panic and exit, it is the golden window for institutions to swallow cheap chips! After the Lido staking crisis in 2020, ETH surged 600%—this script may repeat!
Old Zhu issues an urgent warning
Short-term beware of 'staking yield stampede': the exit wave will cause the annualized APY to plummet below 3%, and staking miners may sell ETH to pay user yields! But long-term investors remember: Ethereum's Cancun upgrade + ETF dual core drive, the day the selling pressure clears at the end of September may be the best time to take off!
Old Zhu's exclusive strategy:
Short-term (within 1 month): Use the exit queue delay mechanism to place orders in the exchange at $3800-4000 to catch the falling knife in batches
In summary:
Ethereum is staging an epic 'turnover battle' in the cryptocurrency world, with $39.1 billion in selling pressure and 268k ETH entering the market, just like a powder keg and matches together—ready to ignite a significant market trend at any moment!
Brothers, now is the critical watershed for ETH, will retail investors be scared off by a plunge, or will institutions bottom-fish to ignite the next bull market? I, Old Zhu, will closely monitor on-chain data to help everyone see through the truth of this 'staking mass exodus'! Follow me, don't miss the upcoming bloody market trend!
