On August 18th, according to 4E observation, the exit queue of Ethereum validators reached 855,158 ETH this Friday, a record high. Analysts believe that the rapid accumulation of unstaked amount may become an important factor in the recent correction of ETH, because the pledge derivatives discount and liquidity risk may bring chain position squaring and spot selling pressure.
At the same time, MicroStrategy founder Michael Saylor released Bitcoin Tracker information again on the X platform, and hinted that a new round of BTC holdings data will be disclosed next week, with the caption "insufficient orange quantity", and the market expects the company to continue its long-term accumulation strategy.
In terms of US macro policy, the US PPI in July exceeded expectations, disrupting the market's interest rate cut transactions. But if Powell releases a dovish signal at the Jackson Hole global central bank annual meeting and announces a September interest rate cut, the main line of US stock rate cut transactions may be re-clarified, and interest rate sensitive sectors are expected to strengthen again.
4E reminds investors that the unlocking of ETH pledges and the strategic increase in BTC holdings may bring about structural changes in the market. It is recommended to continue to pay attention to on-chain liquidity and macro policy trends, rationally allocate positions, and grasp the long-term and short-term rhythm.
4E: ETH exits pledge at a new high, Saylor may announce a new round of BTC holdings
2025-08-18 03:58:22
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