Lido Ethereum staking has seen net outflows for 12 consecutive days. Each net outflow after BTC ATH was accompanied by a decline in the market.

According to PANews, on-chain analyst @ai_9684xtpa monitored that Lido Ethereum staking has been in a net outflow state for 12 consecutive days since August this year, and found that each consecutive net outflow of Lido after BTC ATH corresponded to a decline in the broader market.

The net outflow from 08.01 to 08.12 was 74,304 ETH (worth 194 million USD), of which the net outflow on 08.12 alone was as high as 31,104 ETH, accounting for 42% of the total outflow in 12 days; the data on 08.13 and 08.14 showed a slight recovery.