Overview
- Beaconcha.in data shows only about 32 ETH in the exit queue with roughly a one‑minute wait, a 99.9% drop from the mid‑September peak of 2.67 million ETH.
- The validator entry queue has climbed to around 1.3 million ETH, its highest level since mid‑November, signaling renewed staking demand.
- BitMine increased its staking with an additional 186,336 ETH reported today, bringing its staked total to about 779,488 ETH and holding more than 4.1 million ETH overall, or roughly 3.4% of supply.
- Analysts report exchange reserves at multi‑year lows, indicating reduced immediate selling pressure as more ETH moves off exchanges into staking.
- ETH derivatives activity has strengthened, with volume up about 52.94% to $51.13 billion and open interest near $42.04 billion, as spot prices hold above $3,100 with resistance watched near $3,400.