On July 27, according to data from the validator queue tracking website validatorqueue, the current ETH PoS network exit queue has increased to 694,000, with a recent peak of 744,000, while on July 16 this number was only 1,920, and on July 15 there was no need to queue for exit. At current prices, the ETH exiting the PoS network is approximately $2.64 billion, with withdrawal delays extended to 12 days and 1 hour.
Meanwhile, the staking demand for new validator activation has reached an inflection point after a recent stage of increase. On July 17, there were 435,000 ETH queued to enter the network, but today the admission queue has dropped to 220,000, valued at approximately $836 million, with the current admission queue waiting time at 3 days and 20 hours.
Andy Cronk, co-founder of staking service provider Figment, previously stated: "When prices rise, people will unstake and sell to lock in profits, and this pattern has been observed among retail and institutional investors across multiple cycles."
