Approximately $25.4 billion worth of ETH is currently queued to exit the Ethereum PoS network, while around $10.1 billion worth of ETH is waiting to join.

On July 28th, as per the validatorqueue data, there are currently around 660,000 ETH (which is approximately equivalent to $25.4 billion at the current price) awaiting to exit the Ethereum PoS network. The exit waiting time is approximately 11 days and 11 hours. Meanwhile, there are about 263,000 ETH queued to join the network, approximately $10.1 billion, with an expected activation delay of about 4 days and 14 hours. Previously reported, this situation indicates the existence of two opposing forces in the market. On one hand, some stakers may have decided to cash out after Ethereum rebounded by more than 160% from the April low, resulting in a significant increase in the exit queue. On the other hand, new inflows of funds driven by regulatory optimism and institutional demand are also raising the entry queue. Publicly traded companies like SharpLink Gaming and BitMine Immersion have been increasing their ETH holdings and engaging in staking.