Analysis: Ethereum validator withdrawal queue disappears, easing sell pressure

The Ethereum validator withdrawal queue has dropped to zero, significantly easing selling pressure from validators, according to a Jan. 6 analysis by The Block reporter Brian Danga. He noted that this represents a 99.9% reduction from the queue's peak of 2.67 million ETH last September. Concurrently, the deposit queue has grown to 1.3 million ETH, which Danga suggests indicates a renewed willingness from institutional capital to re-enter the market.