04-15-2023, 09:01 AM
The most interesting chart in crypto right now - ETH Staking Deposits vs Withdrawals
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/12mcamt/the_most_interesting_chart_in_crypto_right_now/"> <img src="https://a.thumbs.redditmedia.com/5pf9BmxxPL-XpRltS0ICuYim7PHSv4SYBH0IRqpASH0.jpg" alt="The most interesting chart in crypto right now - ETH Staking Deposits vs Withdrawals" title="The most interesting chart in crypto right now - ETH Staking Deposits vs Withdrawals" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>This week we saw the successful completion of the Shanghai upgrade, finalizing the Merge process for Ethereum into Proof of Stake.</p> <p>With this, ETH staking withdrawals were activated. For months, people had speculated on what this huge unlock would do on price. In fact, we've seen a fairly strong rise in price since Shanghai, likely due to the de-risking making this attractive to large players.</p> <p>​</p> <p>So, the chart I consider the most interesting in crypto right now is below, the ETH staking deposits vs withdrawals. </p> <p><a href="https://preview.redd.it/drbfexmprwta1.png?width=1258&format=png&auto=webp&s=a01e3a72c6bfbb5eb7b0c2a7d32a5d1004408b2c">https://preview.redd.it/drbfexmprwta1.png?width=1258&format=png&auto=webp&s=a01e3a72c6bfbb5eb7b0c2a7d32a5d1004408b2c</a></p> <p><a href="https://query.nansen.ai/public/dashboards/Hk93n66vsO0uvycfui8ypF2xcpNhpraxfwX5AWZJ">https://query.nansen.ai/public/dashboards/Hk93n66vsO0uvycfui8ypF2xcpNhpraxfwX5AWZJ</a></p> <p>​</p> <p>At the time of writing, ETH withdrawals have exceeded newly staked ETH by ~11,000ETH in the last 24 hours.</p> <p>There are currently 24,460 validators waiting for full exit (32ETH) and a total of 877,134 ETH waiting to exit. Note, some of this will be staking rewards which are automatically queued to withdraw. </p> <p>​</p> <p><a href="https://preview.redd.it/jlfl4tqhswta1.png?width=326&format=png&auto=webp&s=e31effa7ab67c5db8730cd963d1ebb32b9c6075c">https://preview.redd.it/jlfl4tqhswta1.png?width=326&format=png&auto=webp&s=e31effa7ab67c5db8730cd963d1ebb32b9c6075c</a></p> <p>​</p> <p>As a bonus, another very interesting chart shows where the withdrawals so far have been heading. Some interesting reading here with the likes of Ceslisus popping up. </p> <p>​</p> <p><a href="https://preview.redd.it/zxfyarjyswta1.png?width=914&format=png&auto=webp&s=07b29833a46bf6f57be08cf3ea6d99e81c2ebafb">https://preview.redd.it/zxfyarjyswta1.png?width=914&format=png&auto=webp&s=07b29833a46bf6f57be08cf3ea6d99e81c2ebafb</a></p> <p>​</p> <p>I know chart watching is a bit of a hobby of the sub, so hopefully this gives you something different to peep at. It's pretty fascinating to see these dynamics play out in real-time, after so long spent speculating in the lead-up!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/DeeDot11"> /u/DeeDot11 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/12mcamt/the_most_interesting_chart_in_crypto_right_now/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/12mcamt/the_most_interesting_chart_in_crypto_right_now/">[comments]</a></span> </td></tr></table>
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/12mcamt/the_most_interesting_chart_in_crypto_right_now/"> <img src="https://a.thumbs.redditmedia.com/5pf9BmxxPL-XpRltS0ICuYim7PHSv4SYBH0IRqpASH0.jpg" alt="The most interesting chart in crypto right now - ETH Staking Deposits vs Withdrawals" title="The most interesting chart in crypto right now - ETH Staking Deposits vs Withdrawals" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>This week we saw the successful completion of the Shanghai upgrade, finalizing the Merge process for Ethereum into Proof of Stake.</p> <p>With this, ETH staking withdrawals were activated. For months, people had speculated on what this huge unlock would do on price. In fact, we've seen a fairly strong rise in price since Shanghai, likely due to the de-risking making this attractive to large players.</p> <p>​</p> <p>So, the chart I consider the most interesting in crypto right now is below, the ETH staking deposits vs withdrawals. </p> <p><a href="https://preview.redd.it/drbfexmprwta1.png?width=1258&format=png&auto=webp&s=a01e3a72c6bfbb5eb7b0c2a7d32a5d1004408b2c">https://preview.redd.it/drbfexmprwta1.png?width=1258&format=png&auto=webp&s=a01e3a72c6bfbb5eb7b0c2a7d32a5d1004408b2c</a></p> <p><a href="https://query.nansen.ai/public/dashboards/Hk93n66vsO0uvycfui8ypF2xcpNhpraxfwX5AWZJ">https://query.nansen.ai/public/dashboards/Hk93n66vsO0uvycfui8ypF2xcpNhpraxfwX5AWZJ</a></p> <p>​</p> <p>At the time of writing, ETH withdrawals have exceeded newly staked ETH by ~11,000ETH in the last 24 hours.</p> <p>There are currently 24,460 validators waiting for full exit (32ETH) and a total of 877,134 ETH waiting to exit. Note, some of this will be staking rewards which are automatically queued to withdraw. </p> <p>​</p> <p><a href="https://preview.redd.it/jlfl4tqhswta1.png?width=326&format=png&auto=webp&s=e31effa7ab67c5db8730cd963d1ebb32b9c6075c">https://preview.redd.it/jlfl4tqhswta1.png?width=326&format=png&auto=webp&s=e31effa7ab67c5db8730cd963d1ebb32b9c6075c</a></p> <p>​</p> <p>As a bonus, another very interesting chart shows where the withdrawals so far have been heading. Some interesting reading here with the likes of Ceslisus popping up. </p> <p>​</p> <p><a href="https://preview.redd.it/zxfyarjyswta1.png?width=914&format=png&auto=webp&s=07b29833a46bf6f57be08cf3ea6d99e81c2ebafb">https://preview.redd.it/zxfyarjyswta1.png?width=914&format=png&auto=webp&s=07b29833a46bf6f57be08cf3ea6d99e81c2ebafb</a></p> <p>​</p> <p>I know chart watching is a bit of a hobby of the sub, so hopefully this gives you something different to peep at. It's pretty fascinating to see these dynamics play out in real-time, after so long spent speculating in the lead-up!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/DeeDot11"> /u/DeeDot11 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/12mcamt/the_most_interesting_chart_in_crypto_right_now/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/12mcamt/the_most_interesting_chart_in_crypto_right_now/">[comments]</a></span> </td></tr></table>