Ethereum’s 43-day staking queue isn’t a clean demand signal, Sygnum says

The Block·

Ethereum’s 43-day staking queue isn’t a clean demand signal, Sygnum says

60-second summary

Ethereum's 43-day staking queue is being scrutinized by Sygnum's Thomas Brunner, who argues it doesn't solely indicate fresh demand from investors. Instead, the queue is influenced by mechanics, such as validators withdrawing their stakes and then redepositing them.

Sygnum's Thomas Brunner says Ethereum’s 43-day staking queue reflects mechanics, not just fresh demand from investors.