Ethereum exit queue hits record 5 billion USD, raising sell pressure concerns

Ethereum’s exit queue surpasses 1 million ETH, valued at 4.96 billion USD. This causes concerns about potential sell-offs as validators may lock in profits after a 72% increase in Ether’s price over the past three months.

Experts suggest that while sell pressure exists, institutions are effectively absorbing the volume. Open interest in ETH futures is nearly 33 billion USD, highlighting significant institutional engagement with Ethereum.