Jiang Zhuoer Lives in the “Ancient Times”
Just looking at the number of Ether exiting staking isn’t really enough to say much.
At present, the ETH staking ratio is at a historical high, and the amount of circulating supply in the market is at a historical low. So the entry of a few hundred thousand ETH into the exit queue, by itself, doesn’t mean the market will immediately see selling pressure of a few hundred thousand ETH.
The key is: where did those ETH go after they exited?
Judging the market’s direction based on a single piece of data simply doesn’t hold up.
$BTC $ETH $LDO #btc #eth #ldo
Just looking at the number of Ether exiting staking isn’t really enough to say much.
At present, the ETH staking ratio is at a historical high, and the amount of circulating supply in the market is at a historical low. So the entry of a few hundred thousand ETH into the exit queue, by itself, doesn’t mean the market will immediately see selling pressure of a few hundred thousand ETH.
The key is: where did those ETH go after they exited?
Judging the market’s direction based on a single piece of data simply doesn’t hold up.
$BTC $ETH $LDO #btc #eth #ldo
