According to the source, 2,168,091 ETH is queued to unstake with an estimated 37-day wait, signaling a congested validator exit queue. source: the source. Ethereum exit times are governed by the churn limit that scales with total validators, so heavy exit demand directly lengthens withdrawal timelines. source: Ethereum.org staking and withdrawals documentation. A prolonged exit queue can slow LST redemptions and increase the risk of temporary discounts or wider spreads for stETH, rETH, and cbETH versus ETH in secondary markets. source: Lido documentation, Rocket Pool documentation, Coinbase cbETH documentation. Sustained validator exits can reduce the active validator set, which can lift staking APR for remaining validators and alter LST yield expectations that traders price into basis and swaps. source: Ethereum.org staking rewards reference. Traders should monitor beacon chain exit-queue dashboards and LST secondary market pricing to time liquidity releases and potential basis shifts around projected withdrawal completion windows. source: Beaconcha.in validator withdrawals dashboard, Rated Network validator metrics.

According to EmberCN, Jump Trading transferred 17,049 ETH (worth $46.44 million) to a sale address 30 minutes ago. Previously, on August 7, Jump Trading requested to redeem 19,049 stETH into ETH, which has now been fully withdrawn and moved to the sale address. Currently, Jump Trading still holds 28,734 stETH (worth $78.57 million) converted from wstETH and rETH, but no further stETH has been redeemed in this instance.