Ethereum's validator exit queue has reached a record 855,158 ETH, valued at approximately $3.7 billion, according to a recent report. This unprecedented volume of staked ETH waiting to be unstaked may introduce significant selling pressure on the cryptocurrency. The increase in withdrawals comes as Ethereum's price dipped over 3% following a peak near an all-time high of $4,878. As stakers increasingly choose to unlock their ETH amidst market uncertainties, the situation could lead to a downward trend in prices. Bitwise analyst Juan Leon warns that if the unstaked ETH is traded at a discount, the resulting sell pressure could worsen, especially if leveraged stETH loop trades become unprofitable. The Ethereum blockchain imposes limits on how much ETH can be unstaked at any time to maintain network stability, but the queue could take about 15 days to clear. Overall, while growing unstaked ETH doesn't necessarily predict a crash, it could act as a consistent supply tap that pressures prices if demand does not meet supply adjustments.

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