The current Ethereum validator queue data provides strong technical backing for the bullish supply-side narrative sparked by BitMine’s $1 billion staking move.
Based on recent data from Beaconcha.in, the entry queue stands at 739,824 ETH, corresponding to a waiting time of almost 12 days and 20 hours. This suggests that new validators joining the network must wait nearly 2 weeks for their ETH to become actively staked.
The churn limit is set to 256 validators per epoch, a strict measure to control the inflow of new ETH for staking.
On the exit side, the exit queue contains 349,867 ETH, subject to a 6-day and 2-hour wait, followed by an additional 8.5-day sweep delay, and only then will the withdrawn ETH be liquid.