According to @cas_abbe, Ethereum’s unstaking queue is at a record high while ETH ETFs are seeing record inflows, indicating DeFi users are de-risking as institutions buy ETH (source: @cas_abbe). According to @cas_abbe, this flow divergence suggests supply is rotating from on-chain staking to ETF vehicles, so traders should track net staking withdrawals versus ETF share creations to gauge the balance of flows (source: @cas_abbe). According to @cas_abbe, traders can also watch exchange ETH balances and staking-derivative pricing to assess whether ETF demand is offsetting DeFi outflows (source: @cas_abbe).