Just an observation...

The exit queue was a huge talking point by many including myself a few months ago, when the multi week exit queue coincided with the picotop of the market.

Well, now it's inverse: a 22 day waiting time for re-entry into the staking pool for a total of 1.3M $ETH . Exit is... 22 minutes and only 5.5k ETH (picture 1).

Also, we've never had this big of a divergence before. I went through the few times over the last year where there was some resemblances of what I'm talking about and 2 examples are: March and July 2025.

The first little bump up in Picture 2 was followed by a 50% pump in ETH a month later, the June divergence resulted in a 2x ETH pump just a few days later.