🐳 Unprecedented activity for whales on Ethereum Staking
🔒 More than 4 million ETH have entered the Staking queue
⏳ Waiting period of about 70 days
💰 Equivalent to 9 billion dollars is being withdrawn from available liquidity and converted to long-term holding
📉 Why is the price delayed?
What is happening does not reflect weakness in Ethereum fundamentals, but rather a result of violent deleveraging in the market:
▪️ Liquidation of over 846 million dollars from Long positions
▪️ RSI index dropping to 17.9 (rare oversold condition)
▪️ Negative funding rates indicate a strong market inclination towards short
⚠️ Where lies the danger?
The congestion of short positions in this manner makes the market fragile,
And any limited price rebound could trigger a strong and rapid Short Squeeze.
Summary
In the short term, the price is undergoing a clear phase of pressure,
But the supply structure and whale behavior in #Staking send one clear message:
The fundamentals remain strongly bullish.
$ETH # #Cryptomaxx