Bitcoin stabilizes near $63,000 as U.S. economic growth decelerates. Bitcoin options signal cooling bullish sentiment as key support level emerges at $61,000 BlackRock’s historic 71-day streak ends as IBIT Bitcoin ETF sees zero inflows Are Inscriptions following the path of the Dodo? April 30 set for historic launch of Bitcoin and Ethereum ETFs in Hong Kong

Worst-case scenario could see up to 1.54M ETH becoming liquid after Shanghai upgrade Andjela Radmilac · 1 year ago

Alpha Insights Ethereum

Worst-case scenario could see up to 1.54M ETH becoming liquid after Shanghai upgrade

Data via

Glassnode

The latest research from Glassnode shows that between 170,000 ETH and 1.54 million ETH could be sold following the Shanghai upgrade.

Andjela Radmilac / @andjelaradmilac / Apr. 12, 2023 at 7:25 pm UTC

As Ethereum's Shapella upgrade approaches, anticipation builds around its potential impact on ETH's price. Combining the Shanghai and Capella upgrades, Shapella introduces crucial changes to Ethereum's execution and consensus layers. Among other enhancements, it enables users and validators to access their staked ETH through partial or full withdrawal options. Validators with a withdrawal credential oxo1 can now withdraw a portion of their ETH stake, totaling around 276,000 ETH. On the other hand, full withdrawals have limitations to maintain network stability, allowing up to 57,600 ETH per day... But what does this mean for the market, and how will these changes affect Ethereum's price in the coming days? Find out in our exclusive Alpha content.

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Worst-case scenario could see up to 1.54M ETH becoming liquid after Shanghai upgrade

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