In recent days, there has been a lot of discussion about the sudden appearance of over 500000 ETH queued up to be released from staking. Many people are concerned about the risk of market crash. Currently, it is unknown who is releasing staking on such a large scale. Let me share my opinion. First, let me draw the conclusion that this cluster level release of staking must be the behavior of a single institution, which will be discussed in detail below. In the history of Ethereum entering POS. As shown in Figure 2, looking at the timeline, the last time such a large-scale release of staking occurred was in January last year when Celsius went bankrupt and urgently needed money for liquidation. In an instant, more than 500000 ETH were also released from staking, causing the entire network verification queue to be blocked for 7 days. This time, it is the same scale release of staking. Currently, the entire network is blocked for 8 days, so who is going to go bankrupt again? Or who wants to profit and escape? Sun Ge, if it's you, blink your eyes 👀） But if we only look at the situation of entering and exiting the pledge queue, this time there is no need to panic like last time. Last time, the number of people entering the pledge was almost negligible compared to the number of people releasing the pledge. However, as shown in the above picture, there have been several days before the number of people entering the pledge queue was almost equal to the number of people exiting the pledge, so there is almost no need to panic too much.