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Godspower Owie

Ethereum Shows Chart-Led Selling Pressure as Staking Locks Up Supply

Ethereum (ETH) is showing continued selling pressure on charts even as a large share of supply stays illiquid through staking. Nearly 3 million ETH is reportedly queued to be staked with an entry wait of about 50 days, while the exit queue is close to empty. Total staked supply has surpassed 38 million ETH—over 31% of total supply—alongside estimates of $1.1 billion in leveraged longs versus roughly $4.22 billion in shorts.
BTC
BTC+1.33%
ETH
ETH+2.23%
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Ethereum