>>60683819>The April 2023 spike in exits has price action that correlates strongly with BTCso what, that happened many times and it never blew up the exit queue. the spike in april 23 is clearly just people who were planning to exit for quite a while but simply couldn't up until the Shanghai hard fork.
the May 2025 spike is because of the Pectra hard fork, which increased the max ETH per validator, so some whales exited many of their 32ETH validators in order to resubmit them as one single validator.
this one here is different. maybe its just blackrock reallocating funds for their staking ETF. maybe not.