Ethereum unstaking queue goes ‘parabolic’: What does it mean for ETH price?

A significant portion of the almost $12 billion ETH awaiting withdrawal may be sold to lock in profits, considering Ether’s approximately 100% gains over the past year.

Key takeaways:

Ether queued for unstaking hits a record $12 billion, with a 44-day wait time. 

Strategic reserves and ETF holdings have jumped by 116% since July 1, allaying fears of a potential ETH sell-off.

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