Yesterday was probably the extreme point for ETH staking inflow vs. outflow difference. Today, boom! Over 200,000 ETH rushed in, pushing the Entry Queue to 400,000—bottomed out and rebounding! Optimists believe this is just a routine adjustment near ETH’s previous high (or new high). Don’t run, folks! Weren’t we aiming for 8,000 or even 15,000? Neutral parties think it’s all caused by the stETH circular lending rates being abnormal recently + arbitrage. Just normal deleveraging behavior, no need to overanalyze.