ETH briefly fell toward $2 000 after stronger-than-expected US inflation data was released, then recovered to around $2 060. Against this backdrop, investors were in no rush to withdraw their coins from staking.
BeInCrypto reports that the exit queue shrank from 457 840 ETH to 5 061 ETH between October 11 and November 9. It later grew to around 66 000 ETH but remained 86% below the October level.
Around 44.5 million ETH, or 36.4% of the circulating supply, is staked. At the same time, spot Ethereum ETFs recorded $184.6 million in outflows on November 9, while activity among large stETH holders increased the risk of liquidations if the price falls further.