The entry queue of the Ethereum validator has exceeded the output queue for the first time in weeks, signaling a renewed request to put the ether (Eth) Just like the fears of great help are calm.
At the time of writing the editorial time, 932 936 ETH ($ 4 billion) is in the entry queue compared to 791 405 ETH ($ 3.3 billion) In the output queue, according to Validatorque.com data. Three weeks ago, the outing queue was 816,000 ETH, which made concerns about whether the market would be able to absorb the sale pressure once the tokens were unlocked.
The turnaround was partially fed by an ICO of Ethereum who resurfaced after eight years of dormancy. The long -term holder has moved 150,000 ETH ($ 645 million) Changing it earlier this week.
Read more: Ethereum Ico Whale Stakes 646 million $ after three years of sleep
The investor initially bought ETH 1,000,000 for only $ 310,000 during the sale of Ethereum’s 2014 tokens. Even after marked out, the wallet keeps 105,000 ETH ($ 451 million) Through two wallets, with most of its intact operations.
Ether has been down approximately 4% since August 15, when the queue queue has reached 816,000, barely the sale that many predicts despite a larger withdrawal. During the same period, the BTC fell 7%, while several altcoins experienced two -digit decreases.
Long -term bet
Ethereum’s proof of staging continues to act both as a liberation valve and a capital attractor. While the releases of last month reflect nervousness, the line of today’s queue highlights confidence in long -term awards and potential structural demand from ETF.
As analyst DEFI, the iGNAS noted it in August: “Although the queue that is triggered is at ATH, the ETF entries too.”
Now, with the cooling of the outputs and the increasing inputs, the balance can go back to the markup as a long -term bet on the growth of Ethereum.
