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A surge in Ethereum unstaking requests has raised concerns about potential sell pressure on ETH. The validator exit queue reached a record 855,158 ETH ($3.7B), coinciding with a 3% price dip. Analysts warn this could trigger further declines if demand fails to absorb the incoming supply.
- Ethereum's validator exit queue hit a record 855,158 ETH ($3.7B), requiring 15 days to process fully.
- Unstaking could trigger cascading sell pressure via stETH discounts, DeFi position unwinding, and collateral liquidations.
- Bitwise cautions that while unstaking doesn't cause sudden crashes, it creates persistent downward pressure if demand lags.
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