NewsBTC
Jan 7, 2026
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Ether Staking Heats Up As Entry Queue Hits 1.3 Million ETH

Recent data from Ethereum shows a significant change in the validator exit queue:

  • The queue has reduced to 32 ETH with a wait time of approximately one minute, down from 2.67 million ETH in mid-September.
  • This reduction indicates diminished immediate selling pressure from validators exiting the network.
  • Validators continue to earn rewards while queued and face penalties for misbehavior.

Staking Activity Increases

  • The entry queue has grown to 1.3 million ETH, its highest since mid-November.
  • Large operators like BitMine have significantly increased their staking, adding 82,560 ETH recently, totaling 659,219 ETH staked by the firm.
  • BitMine's total holdings exceed 4.1 million ETH, about 3.4% of the total supply.

Ethereum Staking

Exchange Balances and Liquidity

  • ETH reserves on exchanges are at multi-year lows, reducing automatic or panic selling potential.
  • The drying up of selling pressure is attributed to the increase in staking over withdrawals.

Market Cap Milestone

  • Ethereum has surpassed Netflix in market cap, becoming the 36th-largest asset.
  • This reflects current investor interest in blockchain assets but should not be seen as a direct investment trigger.

Featured image from Pexels, chart from TradingView