Bitwise Analyst: Growing ETH Staked in Withdrawal Queue Could Lead to Significant Market Selling Pressure
BlockBeats News, August 17th, the validator exit queue on the Ethereum blockchain reached 855,158 ETH on Friday, hitting a record high. Juan Leon, Bitwise's Senior Investment Strategist, said that the increasing amount of ETH about to be undelegated may be the reason behind the recent pullback of this asset. The queue of undelegated Ethereum typically has a negative impact on the ETH price and may also bring significant selling pressure to the market.
Because staking tokens such as stETH can be traded at a discount, and this discount can lower the collateral value, triggering risk reduction, hedging, or even liquidation. Ultimately, this leads to ETH spot selling. Leveraged "stETH loop" trades conducted through DeFi protocol liquidity pools will no longer be profitable. Traders will offset their loans by closing positions and selling ETH, creating simultaneous selling pressure.
Potrebbe interessarti anche
Chi ha guadagnato
Ultime notizie crypto
Tom Lee: S&P 500 in rialzo a 7300, l'impennata della liquidità del mercato potrebbe essere esplosiva
Franklin Templeton XRP Spot ETF AUM supera i 100 milioni di dollari
「ZEC&MON Top Short in History」 Sezione Take-Profit: La posizione short di ZEC ha realizzato un utile di oltre $5 milioni, mentre contemporaneamente shorting MON ha un guadagno non realizzato di quasi $2 milioni.
Franklin Crypto Index ETF Aggiunge ADA e altri 6 token
La società di robotica Web3 XMAQUINA ha annunciato il completamento di un nuovo round di finanziamento, guidato da Borderless.
Assistenza clienti:@weikecs
Cooperazione aziendale:@weikecs
Trading quantitativo e MM:[email protected]
Servizi VIP:[email protected]