Ethereum's network update after Shanghai upgrade was completed 12 hours ago

1) Total $ETH staking is dropped from the peak of 18.163M to 17.476M ($34B)

2) Total withdrawn amount is about 124K $ETH (while the 24-hour deposit is 26.5K $ETH, so the net deposit is -97K $ETH ~ $192M)

3) Top withdrawer is from #LidoFinance with 70,809 $ETH. But LDO won't allow users to withdraw until May, so most of the withdrawn $ETH is not liquidated.

4) $ETH price increases by 6% to $1,982, but with that price, 70% of stakers are still in loss (in USD terms)

5) Until May, users can't withdraw $ETH on #LidoFinance Also, #Binance  announced a few days later to allow user to withdraw, and it may take up to 15 days to fully process

=> No sell pressure at the moment

👉 More details: https://twitter.com/spotonchain/status/1646460905482498053