Ethereum validator entry queue just flipped exit queue.
Big reasons for massive dislocation:
- DeFi deleveraging when Aave borrow rates increased and stETH loopooors were forced to unwind (Justin Sun seem to have started it)
- Kiln API exploit prevention lead to unstaking (and now staking)
- After Pectra improved staking UX and raised max validator limits, making restaking easier for large balances
Possible positioning for ETH staking ETFs?

Ethereum validator entry queue just flipped exit queue

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Market updates are rapid. If this downtrend (moving average) Vegas Tunnel is broken, there's a high probability of a short squeeze targeting 98,000-10,000 to capitalize on liquidity.

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Daily market data review and trend analysis, produced by PANews.
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