The number of ETH queued to exit the Ethereum PoS network has dropped to 80,000, while the amount of ETH waiting to be staked exceeds 1 million

Recently, according to on-chain analyst Yu Jin's monitoring, in mid-September, the price of ETH surged to this year's highest point near $4,700, with as many as 2.66 million ETH choosing to exit staking. After three and a half months of digestion, the ETH waiting to exit staking has now basically been digested, leaving only 80,000 ETH remaining.

After digesting about 2.6 million ETH that exited staking, the price of ETH dropped by 34%: from $4,700 in mid-September to the current $3,100. The current situation is completely the opposite, with the amount of ETH waiting to enter staking far exceeding the amount exiting: because the Ethereum treasury company Bitmine (BMNR) has recently staked a large amount of ETH (depositing 593,152 ETH in the last 8 days), the amount of ETH waiting to enter staking has exceeded 1 million.