Coinspeaker
Jan 6, 2026
4 0

BitMine Increases ETH Staking as Validator Exit Queue Declines

Ethereum (ETH) staking demand is increasing, as the validator exit queue significantly decreased for the first time since July 2025. This reduction might lessen short-term selling pressure on ETH.

Key Points:

  • The validator exit queue has dropped to just 32 ETH, a 99.9% decrease from its peak in mid-September 2025.
  • The staking entry queue has risen to about 1.3 million ETH, indicating heightened interest in staking.
  • Rostyk from Asymetrix highlighted that the exit queue is nearly empty, showing minimal withdrawal interest.
  • Institutional players, including Tom Lee’s BitMine Technologies, are increasing their ETH staking activities.

Ethereum Validator Exit Queue | Source: Validator Queue

BitMine's Increased Staking Activity

  • BitMine (BMNR) has significantly ramped up its ETH staking, now holding 779,488 ETH valued at over $2.5 billion.
  • The recent addition includes 186,336 ETH worth $605 million staked within a short timeframe.
  • This substantial staking reduces ETH's active trading supply, potentially driving prices higher due to liquidity constraints.

As of the latest update, ETH is trading at $3,219, with daily trading volume increasing by 50% to exceed $25 billion.