![Will a drop in Ethereum’s [ETH] price lead to an increase in withdrawals? Analyzing…](https://i.headtopics.com/images/2023/5/3/cryptoamb/will-a-drop-in-ethereum-s-eth-price-lead-to-an-inc-will-a-drop-in-ethereum-s-eth-price-lead-to-an-inc-1653845129457704962.webp)
Will a drop in Ethereum's [ETH] price lead to an increase in withdrawals? Analyzing...
dashboard to highlight that more than 70% of the stakers were in losses since they locked their ETH on the network. A lot of this staking occurred between $1,600 and $3,500, during the peak of the 2021 bull run.A steady drop in prices could lead to conservative stakers withdrawing their stake and cashing them out in the market. Having said that, the researcher ruled out staking having a massive impact on overall market structure.
As highlighted earlier, the Shapella Upgrade provided an impetus to the staking activity on the Ethereum network. As per Glassnode, April 2023 witnessed the largest amount of ETH staked in a single month.On 2 May, the amount of ETH transferred to ETH 2.0 deposit contract reached 95,458 with the number of new depositing addresses going past 3,000.
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