Odaily Planet Daily News Staking Rewards data shows that about 14% of ETH is currently staked, with a market value of about $29 billion. After the Shanghai upgrade, users will be able to withdraw these assets. Given that assets have been locked for a long time and the unresolved uncertainty in the crypto market, there are concerns that many validators will withdraw and sell their staked Ethereum, which may put pressure on the value of Ethereum. According to Galaxy Digital, at least 75% of the staked ETH on Ethereum is controlled by intermediaries, such as exchanges such as Coinbase or Kraken, or special platforms such as Lido or Rocket Pool, which means that the vast majority of stakers will not be able to initiate withdrawals directly. Most of the withdrawals are expected to come from Lido, Ethereum's largest staking platform, which allows users to stake any amount of Ether, rather than a threshold of 32 ETH. Allan Wojnowski, head of research at Staking Rewards, said, “The queuing process and Lido’s large share of withdrawals will significantly slow any selling pressure during withdrawals, as confidence in staking Ethereum is required before the withdrawal function exists, early stakers are less likely to seek an exit, and despite reports predicting large withdrawals, an average of 20,800 ETH continues to be staked per day.” Staking intermediaries could see huge gains, with JP Morgan estimating that 95% of Coinbase’s retail investors could participate in staking Ethereum after the Shanghai upgrade, which could generate $225 million to $545 million in annual revenue for the exchange at current prices. (Forbes)