CryptoQuant analyzes two reasons why the selling pressure on ETH will still be very low after the Shanghai upgrade: (1) 60% of staked ETH is currently in a loss-making state, equivalent to 10.3 million ETH; (2) Lido, the largest pledge pool, accounts for approximately 10% of all staked ETH Nearly 30%, the average loss is nearly 1,000 US dollars, and the average loss of staked ETH is 24%. Typically, selling pressure occurs when participants have extremely high profits, which is not currently the case.

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