ETH Staking Exit queue is almost cleared, and 1M ETH is pending to be staked (~18 days to be activated).
Key driver comes from @bitmine. Based on the current price, Bitmine has staked ~$1.3B worth of ETH, which is ~10% of Bitmine's ETH holdings, and ~1% of all ETH Staked.
We can expect Bitmine to continue to stake more ETH in the future, and the entry queue will rise with ETH Treasury Companies as well as ETH ETFs stake more ETH.
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ETH Staking Exit queue is almost cleared, and 1M ETH is pending to be staked (~18 days to be activated).
Key driver comes from @bitmine. Based on the current price, Bitmine has staked ~$1.3B worth of ETH, which is ~10% of Bitmine's ETH holdings, and ~1% of all ETH Staked.
We can expect Bitmine to continue to stake more ETH in the future, and the entry queue will rise with ETH Treasury Companies as well as ETH ETFs stake more ETH.