Ethereum’s validator exit queue has dropped close to zero for the first time since July, easing potential selling pressure.
Data from Beaconcha.in shows just 32 ETH in the exit queue, with a wait time of roughly one minute.
The figure marks a 99.9 percent decline from the mid-September peak of 2.67 million ETH.
At the same time, the validator entry queue has climbed to 1.3 million ETH, its highest level since mid-November.
No one wants to sell their staked ETH.
Rostyk said.
ETH exchange reserves are at ten-year lows, selling pressure is drying up and validator entry queues now far outpace exits.
Tevis said.
Analysts said falling exit activity suggests stronger long-term confidence among Ether holders.
A near-empty exit queue means validators can leave immediately without a backlog, reducing the risk of mass sell-offs.
Observers had predicted the exit queue could clear by December as staking demand strengthened.
BitMine has driven much of the recent inflows after ramping up aggressive Ether staking.