📉 ETH is unstaked with the highest volume 2: Is there reason to worry?

Ethereum has just recorded its largest unstake event since the beginning of 2024, with over 644,000 ETH (~$2.3B) waiting to be unlocked. The withdrawal queue has reached 11 days - the highest in the past 18 months. Most of it comes from validators.

ETH has increased by more than +160% since April, so it's not surprising to unstake to realize profits, especially since Ethereum's unstaking mechanism has a waiting period - so unstaking in parts is a natural thing.

The second reason is the unwinding of looping strategies (borrow+stake), as APY decreases and the leverage utilization ratio is no longer as favorable as in the first 6 months of the year, these positions are being closed.

Although there is a withdrawal queue, there are still more than 390,000 $ETH waiting to be staked.
Net unstake of approximately 255,000 ETH, not enough to threaten the network, with a large bridge in the market, the amount of ETH ( that may be released will be fully absorbed and the price will continue to rise after short-term corrections.