In the live broadcast of Fuxi Community: ETH exchange rate is stagnating, and the mid-term market is ready to take off!

Click on the link to enter Tencent Meeting: https://meeting.tencent.com/p/9309732027 Currently, validators on the Ethereum network are queuing up to release pledged ETH. As a representative of the PoS consensus mechanism, staking ETH is technically used to maintain the security of the entire Ethereum network, and economically can also generate additional benefits from staking, locking the liquidity of ETH in the staking pool. However, according to the Validator Queue data, as of July 23rd, Ethereum validators have accumulated approximately 521252 ETH in their exit queue that is currently being de staked, with a current value of approximately 1.93 billion US dollars. The waiting time for de staking in the queue exceeds 9 days and 1 hour. This is also the longest queue that validators have formed in the past year when they chose to withdraw. Since each validator typically pledges 32 ETH, theoretically this is equivalent to over 16000 validators seeking to withdraw from the pledge. And the large-scale queue to choose to release the pledge gives people a sense of danger. Profit taking? Are whales and institutions going to sell ETH for profit? The surge in the release of Ethereum's staking may be partly related to the recent price increase. Starting from the low point in early April 2025 (around $1500-2000 range), ETH has experienced a strong rebound, with a cumulative increase of 160% so far. Specifically, on July 21st, ETH reached a high of $3812, which is the peak of the past seven months. This rapid rise often prompts some investors to choose profit taking, especially those early stakers who may decide to lock in profits after seeing the returns rather than continue holding. From a historical perspective, this model is not new From January to February 2024, when the ETH/BTC ratio rose by 25% within a week, a similar scale of de staking wave emerged, resulting in a short-term price drop of 10% -15%. However, around the same period, Celsius went bankrupt and liquidated, resulting in 460000 ETH being released from staking in a short period of time, causing the entire ETH network validators to exit the queue and causing about a week of queue congestion. It's not selling pressure. Unlike before, although the ETH release staking queue is long and the amount of staking is large, it doesn't necessarily mean direct selling pressure. Firstly, based on the data from Validator Queue, on July 23rd, there were 520000 ETH queued for staking, but at the same time, 360000 ETH also entered the staking queue. Secondly, institutional behavior also plays a certain buffering role. By offsetting the two, the net withdrawal of ETH from the Ethereum network will be significantly reduced. On July 22nd, data showed that the total inflow of ETH spot ETFs from various institutions on the public market reached $3.1 billion, significantly larger in absolute value than the 520000 ETH ($1.9 billion) queued for staking that day. And this is still a one-day net inflow of ETFs, not to mention the 9-day waiting period for validators to exit the queue. Meanwhile, releasing the pledge does not necessarily mean that it will be sold. In the current environment of ETH's rise, the concentrated release of staking is also likely due to institutional adjustments in custody services or a shift towards encrypted treasury strategies. To put it more clearly, it is to seek more returns by replacing ETH with someone else's custody, rather than selling it out. Overall, the release of staking is more like an internal adjustment within the Ethereum ecosystem rather than a direct selling signal. However, there are also various speculations on social media that the concentrated release of pledges does not necessarily mean selling pressure, but it is likely to point to a phenomenon known as "village swap". Some believe that BlackRock, which is committed to promoting the entry of encrypted assets into the mainstream financial circle, has become the de facto powerhouse of ETH. As of July, BlackRock has accumulated holdings of over 2 million ETH (worth approximately $6.9-8.9 billion), accounting for about 1.5% -2% of the total ETH supply (approximately 120 million ETH). This is not a secret, but a public ETF asset management behavior, so it is more like an institutional level "Mingzhuang" - promoting the institutional adoption of ETH through ETF public holding and accumulation, rather than market manipulation. The logic behind the switch is that when Ethereum shifts from a consensus on value within the community to a broader consensus on financial instruments, it is already a clear trend for Wall Street to take over and prepare for a big stir. This speculation is not unreasonable. Pledge and release of pledge may also be a conversion of chip structure. However, regardless, the growth potential of Ethereum will continue to support its leadership position in the field of encryption, and this wave of de staking may only be the starting point of a new cycle. Tencent Meeting: 9309732027 QQ group: 123116768 Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AiCoin, and the consequences shall be borne by oneself.