For the first time in six months, Ethereum’s validator entry queue has surpassed the exit queue 📈
🟢 Entry queue: ~745k ETH
🔴 Exit queue: ~360k ETH
Key Takeaways:
Validator exits are at a 4-month low – fewer ETH are queued for unstaking, reducing predictable sell pressure.
Historical sell pressure: Since July, roughly 5% of ETH supply ($15B) has rotated.
Absorption by whales: BitMNR now holds ~3.4% of total $ETH and still has ~$1B in cash to continue buying.
Exit queue trend: If it reaches zero around January 3, a major source of mechanical sell pressure disappears.
Implication: ETH is structurally stronger, with less downside risk from forced exits. This is a bullish setup for 2026. 😎