🧐 ETH Exit Queue hits a new ATH While $ETH price is adjusting around $4.3K, the amount of ETH waiting to be unstaked on Beacon continues to rise daily, potentially adding short-term sell pressure Source: @TheBlock__ The amount staked and the number of validators on Beacon have decreased significantly, by ~12% over the last 3 months Source: @0xEekeyguy This action is understandable, as the amount of ETH supply in profit has returned to the peak levels of December 2024 However, I believe this is only a short-term effect for ETH, and the situation is different from December 2024 Why? ETH ETFs are still accumulating ETH daily. While validator unstaking may create sell pressure, I believe it will be absorbed by the continuous accumulation from ETFs Recently, ETH ETF netflows have remained positive, with a peak of over $1B on August 11 Source: @hildobby