Approximately $26.4 billion worth of ETH is currently queued to exit the Ethereum PoS network, signaling a decreasing trend in new staking demand

BlockBeats News, July 27th. According to the Validator Queue tracking website validatorqueue, the current Ethereum PoS network exit queue has increased to 694,000 ETH, with a recent peak of 744,000 ETH. On July 16th, this number was only 1,920 ETH, and on July 15th, there was no need to queue for exit. Calculated at the current price, approximately $26.4 billion worth of ETH is exiting the PoS network, and the withdrawal delay has extended to 12 days and 1 hour.

At the same time, the staking demand for newly activated validators has reached a turning point after a recent phase of increase. On July 17th, there were 435,000 ETH queuing to enter the network, but today the admission queue has dropped to 220,000 ETH, worth approximately $8.36 billion. The current admission queue has a waiting time of 3 days and 20 hours.

Andy Cronk, Co-Founder of staking service provider Figment, previously stated: "During price increases, people unstake and sell to lock in profits. Both retail and institutional investors have been observed to follow this pattern over multiple cycles."