Ethereum staking market explosion! 1.66 million ETH queued for entry, and the exit queue is almost cleared. Is a big ETH rally imminent?

Ethereum staking frenzy reaches new heights! The latest data shows that over $5.2 billion worth of ETH is queued to join the staking network, with activation taking nearly 29 days; in contrast, the exit queue is almost empty.
(Background: Ethereum Blob limit raised to 21 “transactions cheaper”, Glamsterdam parallel upgrade still in mid-2026)
(Additional context: Ethereum quickly approaches $4000? Staking exit queue drops to zero, large holders bet heavily on surge)

According to the latest data from validatorqueue.com, a website tracking validator queues, the number of ETH waiting to be activated in the Ethereum (Ethereum) Proof of Stake (PoS) network’s entry queue has surged significantly, reaching approximately 1,664,453 ETH, valued at about $5.2 billion. This has caused the delay for new validators to activate to about 28 days and 22 hours, indicating strong staking demand and noticeable congestion in the queue.

In contrast, the exit queue is nearly empty, with only about 32 ETH (worth around $100,000), and the waiting time to exit is less than 1 minute. This suggests that almost no validators are choosing to withdraw their staked ETH, and selling pressure on the network is extremely low.

BitMine Enters the Staking Market in Large Numbers

The main driver behind the entry queue surge is the large-scale staking activity by BitMine Immersion Technologies (referred to as BitMine), the world’s largest Ethereum holding institution. BitMine, as the largest Ethereum treasury company globally, currently holds over 4.1 million ETH (about 3.4% of the total ETH supply). Since December 26, 2025, BitMine has actively transferred its ETH holdings into staking, accumulating over 827,000 ETH staked by early 2026, and continues this activity recently. This series of actions has directly boosted the size of the Ethereum staking entry queue.

Regarding the exit queue, the nearly negligible data reflects that validators are unwilling to withdraw their staked ETH, market selling pressure is exhausted, and confidence in ETH’s long-term value remains extremely strong.

Is Ethereum About to Rise?

Analysts point out that the phenomenon of a full entry queue and an empty exit queue is seen as a strong bullish signal: increased staking locks in large amounts of ETH, reduces circulating supply, and lowers potential selling pressure, which helps support price increases; it also indicates that investors prefer long-term holding and earning staking rewards, thereby strengthening Ethereum network security and stability.

However, Dongqu reminds that the positive performance of the staking market should only be regarded as a major factor favoring Ethereum, but it cannot be used to definitively predict an increase in Ethereum’s price. Investors should remain cautious.