Yet, Arca’s Hotz said the impact of ETH outflows will not be immediate because withdrawals will have to endure a so-called queue. “This means only 10% of the total amount of staked ETH can be removed from the pool in a month,” he said. “So, you will have a churn.”
Rich Falk-Wallace, chief executive of institutional crypto data platform Arcana, said the key driver of ETH price action will be what narrative the market creates about the long-term outlook based on the short-term behavior. Many market observers do not appreciate how severely Ethereum’s withdrawal system limits the amount of ETH withdrawn at a time, Falk-Wallace said.
sndr_krisztian If I can trade stETH for 0.999 ETH at present, why do I have to wait till Shanghai upgrade to withdraw my ETH?
sndr_krisztian When is the 'upgrade'?
sndr_krisztian There are a lot of people with a lot of profit that will be unlocked after a couple of years, and with the economy the way it is, I would be cautious.
sndr_krisztian Invest when everyone is fearful. Be patient when everyone is greedy - Warren Buffet
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