- Protection Fund
  1,000 BTC Protection Fund to safeguard your assets
- Career
  Join WEEX and build the future
- WXT Zone
  Exclusive fee rates and airdrops
- Announcement Center
  Get the latest updates from WEEX
- Elite Trader
  Share strategies and earn rewards
- Crypto Wiki
  Master trading with easy-to-follow guides
- Affiliate
  Unlock exclusive perks and high commissions
- Crypto News
  Keep up with the latest crypto trends
- Contact Verifier
  Verify the channels you use
- VIP Perks
  Become a WEEX VIP today
- Events Calendar
  Explore WEEX events around the world
Buy Crypto
- header.nav.buy
  header.nav.buy_desc
- P2P Trading
  Buy crypto with 0 fees
Markets
Futures
- USDT-M Futures
  Perpetual futures settled in USDT
- Demo Trading
  USDT-M futures demo
- About Futures
  Trade with confidence
- Leaderboard
  Current & past leaderboards
Spot
Copy Trade
WE-Launch

Scan to download
More options

Bitwise Analyst: Growing ETH Staked in Withdrawal Queue Could Lead to Significant Market Selling Pressure

By: theblockbeats.news|2025/08/17 16:31:57

BlockBeats News, August 17th, the validator exit queue on the Ethereum blockchain reached 855,158 ETH on Friday, hitting a record high. Juan Leon, Bitwise's Senior Investment Strategist, said that the increasing amount of ETH about to be undelegated may be the reason behind the recent pullback of this asset. The queue of undelegated Ethereum typically has a negative impact on the ETH price and may also bring significant selling pressure to the market.

Because staking tokens such as stETH can be traded at a discount, and this discount can lower the collateral value, triggering risk reduction, hedging, or even liquidation. Ultimately, this leads to ETH spot selling. Leveraged "stETH loop" trades conducted through DeFi protocol liquidity pools will no longer be profitable. Traders will offset their loans by closing positions and selling ETH, creating simultaneous selling pressure.

Cross-Chain DeFi Protocol MaiaDAO Launches Ethereum Reserve, Current ETH Holdings Reach 169 Coins

In the past 4 hours, a total of $81.0786 million has been liquidated across the entire network, with the majority coming from long positions.