Overview
- On-chain data shows the validator exit queue has effectively dropped to zero with roughly a one‑minute wait, down from a mid‑September peak of about 2.67 million ETH.
- The entry queue has climbed to roughly 1.46 million ETH with a wait time of more than 25 days, indicating strong demand to stake.
- Arkham-tracked flows show BitMine deposited about 186,336 ETH this week, lifting its total staked balance to roughly 779,488 ETH valued at over $2.5 billion.
- U.S. spot Ethereum ETFs recorded about $113.6 million in net inflows on Jan. 6, led by BlackRock’s product, while Grayscale vehicles saw combined outflows.
- Analysts note ETH on exchanges sits at multi‑year lows and price is holding in the low $3,200s, signaling reduced immediate sell‑side liquidity as staking accelerates.