The staking ratio is around 36.32%, but new inflows have fallen by about 40%
Put side by side, these two figures don’t seem to be telling the same story.
CryptoQuant’s chart shows that the ETH staking ratio is around 36.32%, while daily staking inflows have fallen by about 40%. The ratio measures the existing stock: how much is already locked up. Inflows measure the change: how much new ETH is coming in right now.
One interpretation is that existing positions haven’t exited and ETH remains locked up. Another is that new capital is slowing down, so you can’t conclude that confidence is growing based on the ratio alone. The takeaway: don’t automatically interpret “the staking ratio is still rising” as “new demand is strong.” If inflows continue to recover and strengthen alongside the ratio, the slowdown narrative will need revising. If the ratio also turns downward, the lockup narrative won’t hold either. Price volatility remains a risk. Do you focus more on the existing stock, or on the pace of new inflows?
#质押观察 #指标打架 $ETH
Put side by side, these two figures don’t seem to be telling the same story.
CryptoQuant’s chart shows that the ETH staking ratio is around 36.32%, while daily staking inflows have fallen by about 40%. The ratio measures the existing stock: how much is already locked up. Inflows measure the change: how much new ETH is coming in right now.
One interpretation is that existing positions haven’t exited and ETH remains locked up. Another is that new capital is slowing down, so you can’t conclude that confidence is growing based on the ratio alone. The takeaway: don’t automatically interpret “the staking ratio is still rising” as “new demand is strong.” If inflows continue to recover and strengthen alongside the ratio, the slowdown narrative will need revising. If the ratio also turns downward, the lockup narrative won’t hold either. Price volatility remains a risk. Do you focus more on the existing stock, or on the pace of new inflows?
#质押观察 #指标打架 $ETH