Ethereum staking has reached 35.9 million ETH, pushing the staking ratio close to 30% of supply. Data from Validatorqueue shows the validator entry wait has extended to about 44 days, with more than 2.55 million ETH sitting in the queue. Exit demand is currently at zero, pointing to continued lockup demand on-chain.
Validator queue grows while exits stay at zero
The size of the entry queue shows staking demand is still building. More than 2.55 million ETH are waiting to enter, and that backlog has lengthened the time required to activate new validators. At the same time, no ETH is listed in the exit queue. That combination leaves a clear picture: more capital is moving into staking, while little is trying to leave.
Bitmine stakes another 154,304 ETH
Large holders are adding to that trend. According to monitoring data cited from OnchainLens, Bitmine staked another 154,304 ETH, valued at about $519 million. After the latest move, its cumulative locked position has risen to 1,685,088 ETH, with a total value above $5.65 billion.
Bitmine is described in the source material as one of the largest single Ethereum holders, and its staking activity is closely watched as a market signal. The report notes that if staking continues to generate stable cash flow and ETH rebounds, the company’s unrealized losses could narrow. If prices come under pressure again, attention will remain on whether its cash reserves and staking income are enough to absorb that stress.
ETH briefly touched $3,400
On price action, ETH briefly climbed to $3,400 at midnight on the 15th, marking its highest level in more than a month. At the time of writing in the source, it had pulled back to $3,329. With staking levels still rising, spot price direction remains one of the most immediate variables for the market to watch.