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Recent signals indicate an interesting shift in the validator movement on Ethereum. According to ValidatorQueue data, the validator exit queue has dropped from a peak of 2.67 million ETH in September last year to zero, marking a significant change. Meanwhile, the ETH entering the queue has surged more than fivefold in the past month, currently accumulating to 2.5978 million ETH, a record high since July 2023.
The waiting time to enter the validator queue has also been extended, now taking 45 days to be scheduled. This data reflects a clear increase in market participants' enthusiasm for engaging with the Ethereum network. From the rapid clearing of exits to the surge in entries, it may indicate a shift in market outlook on ETH—some are eager to join, while those who wanted to exit seem less urgent.
This contrasting flow of entries and exits also subtly hints at changing market sentiment, especially in weighing staking yields against the network's prospects.