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Ethereum’s staking network is experiencing unprecedented withdrawal delays, with validators facing a 12-day wait to exit—the longest in months. Over $3.28 billion in ETH is queued for withdrawal, far outpacing new deposits. Analysts attribute the trend to leveraged position unwinding, stETH/ETH depegging, and profit-taking.
- Ethereum's validator exit queue has reached a 12-day wait time, the longest in months, with $3.28 billion in ETH awaiting withdrawal.
- Top liquid staking providers (Lido, EtherFi, Coinbase) are seeing concentrated withdrawals due to leveraged position unwinding and stETH/ETH depegging.
- Profit-taking and anticipation of ETH staking ETFs are additional factors driving the exit wave.
📎 Related coverage from: cryptoslate.com