Bullish Unlocks
Apr 6, 2023
• 9
Min Read
Shapella Arrives
We are now less than a week away from staking withdrawals being enabled on the Ethereum network. We have been discussing this topic frequently throughout our research, but to reiterate, we maintain that the market is overly pessimistic about the supply-side effects of this event. To reiterate the key points behind our rationale:
Liquidity Access for Most Stakers: Approximately 60% of the staked ETH is through liquid staking providers or centralized exchanges (CEX), which already provide liquidity access without waiting for the upgrade. Thus, when questioning the magnitu...