The Ethereum blockchain is witnessing a record queue of stakers looking to withdraw their ETH, currently at 855,158 ETH, valued at approximately $3.7 billion. This unprecedented level of unstaking could exert significant sell pressure on Ethereum's price. Bitwise analyst Juan Leon notes that while the exiting stakers might cause a modest pressure rather than a sharp decline, the situation could worsen if the unstaked tokens trade at a discount to ETH, affecting their value as collateral and potentially leading to mass selling to cover positions. Despite the surge in Ethereum's value in recent weeks, concerns about geopolitical uncertainty and economic indicators like the U.S. producer price index have triggered a price correction. As the market continues to fluctuate, Leon warns that the increasing volume of unstaking could create a steady influx of new supply, further impacting prices if it surpasses demand. The current unstaking queue is set to take about 15 days to clear, affecting market dynamics going forward.

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