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Ethereum's validator exit queue has hit zero, marking a notable shift in staker behavior. ETH withdrawals are now processing in mere minutes instead of weeks.
The flip side? Over 1.3 million ETH is currently sitting in the queue waiting to be staked—the highest backlog since mid-November. This signals two competing forces at play: some validators are heading for the exits while fresh capital is lining up to enter the staking pool.
What's driving this? Could be profit-taking as staking yields shift, or maybe validators repositioning before market moves. Either way, these numbers paint an interesting picture of where Ethereum's validator ecosystem stands right now.