Consensus & Divergence

Exit queue near zero and ~1.3M ETH entry queue signal stronger staking confidence. Exchange reserves at decade lows reduce sell pressure.

BitMine staked 659,219 ETH, supporting staking demand. Lower liquid supply tends to underpin healthier uptrends.

Constructive setup, but wait for price/volume confirmation. Avoid chasing narratives; manage risk if conditions shift quickly.

Plan: scale entries as trend confirms; avoid high leverage. Validated when entry queue continues to outpace exits.

Exit queue down ~99.9% from 2.67M ETH peak; entry queue ~1.3M ETH. Signals renewed interest in staking.

Entry queue far outpaces exits; large treasuries staking for yield. Foundation for bullish consolidation is improving.

Industry notes: “No one wants to sell staked ETH.” A high entry queue indicates demand for steady yield.

Exit queue rate-limits departures to protect consensus. A zero backlog implies low unstaking pressure and immediate processing of new exits.

Drying sell pressure supports trend structure. ETF and institutional staking flows are key variables to monitor.

Distinguish exit queue from withdrawal queue. A zero exit backlog doesn’t mean partial reward withdrawals stop.