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In mid-September, the price of ETH surged to this year's high of around $4,700, with up to 2.66 million ETH choosing to exit staking. After three and a half months of digestion, the ETH waiting to exit staking has now been mostly processed, with only about 80,000 remaining. The digestion of approximately 2.6 million ETH exiting staking has caused the ETH price to drop by 34%: from $4,700 in mid-September to the current $3,100. The current situation is completely opposite: the number of ETH waiting to enter staking far exceeds the number exiting. This is because the Ethereum treasury company Bitmine(BMNR) has recently staked a large amount of ETH, depositing 593,152 ETH in the past 8 days alone, and currently, the number of ETH waiting to enter the staking queue exceeds 1 million.