"If all partial withdrawals are attempted just after the Shapella fork , it would take around four and a half days for these ETH profits to enter the market," Lucas Outumuro, head of research at IntoTheBlock, said in a note published Friday."It would take approximately 100 days for one-third of validators to exit if they all attempt to exit simultaneously, translating into $80-$100M worth of ETH being withdrawn per day.
The market, however, is not convinced, as evident from ether's underperformance relative to bitcoin and ether put options, or bearish bets,Regulatory concerns are probably also weighing on investors. In February, the U.S. Securities and Exchange Commission that Ethereum staking services offered by centralized exchanges amount to selling unregistered securities in the U.S.
"ETH faces relatively higher regulatory risks. The SEC has repeatedly stated that ETH is a security rather than a commodity, which differs from the CFTC's opinion and means additional risk, so investors understandably prefer BTC," Ardern said. The CFTC is the agency governing the futures market. Lastly, recent banking sector instability in the U.S. and the resulting sharp repricing of interest-rate expectations lower worldwide has benefited bitcoin. The cryptocurrency has evolved as a macro asset in the past three years and has a history of"BTC got the store-of-value narrative back after multiple U.S. banks failed in mid-March. Since then, BTC's dominance rate has been rising," Dubai-based crypto analyst and trader Reetika Malik said.
"By being concerned, the market is actually 'pricing in' already any selling pressure that we are likely to get from the Shanghai hard fork and the upgrade could actually become a 'buy the news' event," Malik said."BTC dominance chart is at a multiyear resistance as well as we speak. All the stars are aligning for a rotation into ETH."
godbole17 These are unfounded concerns that in order to withdraw ETH, validators would have to queue up and it would take a lot of time to withdraw all funds, thus there won't be a sudden surge in supply.
godbole17 4
godbole17 BREAKING- SWARM COMMUNITY VOTING Hi all, don’t forget to ensure you have $SMT in your wallet by end of day today, ahead of the community vote tomorrow on the STOCKS we list next on SwarmMarkets 💯❤️
godbole17 Watch out for a dump. Don't forget that during this lockup period there was Celsius, FTX and many others. There may be many that need to dump to pay off debts. Be aware!
godbole17 I had no idea that these methods existed! This is amazing to learn about. the link is o)n my TL - I retweeted it!]}
godbole17 It's unacceptable that this Uniswap exploit is not being addressed. It's a major issue that needs to be addressed ASAP. Check out; my TL for the link, I RTd'[
godbole17 It's unacceptable that this Uniswap exploit is not being discussed more. It's a major problem that needs to be addressed. Check out my TL- for the link, I RTd_[
godbole17 I h{ad no idea that these methods existed! This is a game-changer for sure. the link is on my T-L - I retweete`d it!{?
godbole17 Wow, I had no idea` it ;was possible to make so much money through MEV and arb bots! Check out my TL for the lin-k, I RTd;-
godbole17 I'm glad to see that there are still people out there who are able to outsmart large, corporations. the link is on my TL - I retweeted it!-[
godbole17 Uniswap needs to do something about this as soon as possible. This dude {has earned over $200k So FarCheck out my TL for the link, I RTd;(
godbole17 Wow, I had no idea it was possible to make over $200k through MEV and arb bots! Check out my TL for t.he link, I RTd._
godbole17 ShanghaiUpgrade may cause some short-term jitters, but let's not forget the potential long-term benefits for $ETH!
godbole17 I am greedy when others are fearful, and I am fearful when others are greedy
godbole17 Thanks for the update!
godbole17 The fact that it’s a premined, censored chuck-e-cheese scam token for a platform for a million other scams is probably also a concern I imagine.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BTCTN - 🏆 531. / 51 Read more »