According to @EmberCN, two spot ETH ETFs managed by Grayscale staked an additional 272,000 ETH (about $1.21B) roughly 4 hours ago, bringing their cumulative staked deposits to 304,000 ETH since being allowed to stake (source: x.com/EmberCN/status/1975722160716194224). The validator activation queue currently holds about 489,000 ETH awaiting entry, with Grayscale accounting for most of the pending activation according to the report (sources: x.com/EmberCN/status/1975722160716194224; validatorqueue.com). In contrast, approximately 2,427,000 ETH are queued to exit staking, creating a net queue imbalance of roughly 1,938,000 ETH toward withdrawals (sources: validatorqueue.com; x.com/EmberCN/status/1975722160716194224). Grayscale-associated addresses can be tracked for staking activity via ARKM Intel to verify flows and positions (source: intel.arkm.com/explorer/entity/grayscale). For trading context, the larger exit queue versus entry queue indicates a validator pipeline net outflow; traders can monitor queue shifts and Grayscale address flows to gauge near-term ETH liquidity and staking-yield dynamics (sources: validatorqueue.com; intel.arkm.com/explorer/entity/grayscale).

According to @OnchainLens, two newly created wallets withdrew 5,830 ETH worth 24.08M USD from OKX in the past 24 hours, with addresses 0x44f4b585B71D10B6C055887a7cfAeB5E9532F487 and 0x25Faf24D943DF3a4D191740C22d8B3baEfd96DAE; source: @OnchainLens. The reported totals imply an average transfer value of about 4,131 USD per ETH, reflecting a sizable single-day on-chain exchange outflow relevant for liquidity monitoring; source: @OnchainLens.

According to @EmberCN, a whale or institution has withdrawn 5,100 ETH (about $22.02M) from OKX 45 minutes before the post on September 3, 2025 (source: @EmberCN). According to @EmberCN, the same entity has cumulatively withdrawn 42,682 ETH (about $188M) from OKX across three addresses over five days since August 29, with an average price of $4,403 (source: @EmberCN). According to @EmberCN, the reported activity is consolidated under a single whale/institutional entity conducting large ETH exchange outflows from OKX, which traders track for whale accumulation and exchange netflow monitoring (source: @EmberCN).

According to @KookCapitalLLC, 826,000 ETH is currently in Ethereum's unstaking queue, indicating a sizable backlog of pending validator exits, source: @KookCapitalLLC. Ethereum processes validator exits under a protocol churn limit that restricts how many validators can withdraw per epoch, meaning large queues are cleared progressively over multiple days rather than instantly, source: Ethereum.org. Longer exit queues can extend redemption times for liquid staking tokens and staking providers, impacting LST liquidity profiles and withdrawal wait times, source: Lido Docs. On-chain market participants track staking inflows and outflows as inputs for near-term ETH supply dynamics and liquidity monitoring, source: Glassnode.

According to The Data Nerd, there have been significant Ethereum withdrawals from exchanges totaling 12,624 ETH, approximately valued at $33.12 million, within a 24-hour period. Notable withdrawals include 3,235 ETH (~$8.82M) by address 0x11d, and 2,500 ETH by address 0x562, which may be associated with Berachain. These large withdrawals could indicate a shift towards long-term holding or utilization in decentralized finance, impacting ETH liquidity on exchanges.