Ethereum Withdrawals Surge: Record Volume Raises Concerns About Market Stability

The Ethereum network has witnessed unprecedented withdrawals of ETH as over 2.4 million coins are currently queued, representing nearly $10.1 billion dollars. While some argue this signals market selling pressure, major institutional players like Grayscale are injecting substantial funds into staking to counterbalance the trend. This raises questions about the future stability and direction of Ethereum’s price.