According to the source, 2.3 million ETH is currently queued to exit staking with an estimated 40-day unstake wait, indicating a prolonged withdrawal pipeline that traders should model into supply timelines. source: provided update Under Ethereum’s withdrawal mechanics, exits are rate-limited by the validator churn limit and withdrawals are processed over time, so the queued ETH will unlock gradually rather than all at once. source: Ethereum.org Staking and Withdrawals documentation This staggered unlock can distribute potential sell pressure over several weeks; monitor spot liquidity, ETH perpetual funding, and LST discounts or premiums for stETH, rETH, and cbETH relative to ETH to capture dislocations as the queue processes. source: Ethereum.org staking mechanics and public LST market data on major decentralized exchanges Queue length is dynamic and can change quickly as validators enter or cancel exits, so tracking Beacon chain dashboards to update daily unlock estimates is critical for positioning. source: Beacon chain public dashboards such as beaconcha.in and rated network