Lido Ethereum Staking Continues Net Outflows for 12 Consecutive Days, Linked to Market Decline
Publication Time:2024-08-15 16:36:08
According to the on-chain analyst @ai_9684xtpa's monitoring data, since August this year, Lido Ethereum staking activities have shown a continuous 12-day net outflow status. During this period, a total of 74,304 ETH flowed out, equivalent to approximately $194 million in value. Among these, the net outflow on August 12th reached 31,104 ETH, accounting for 42% of the total outflow, showing significant fluctuations in short-term capital flow. In addition, analysts also pointed out that after Bitcoin hit its historical high point, whenever Lido continuously experienced net outflows, the overall market would often experience a decline. Data from August 13th and 14th showed some warming up, but the overall trend still pointed to market instability. These data reveal potential correlations between Lido staking activities and market performance, which investors should closely monitor.
Ethereum
Lido Staking
Market Decline
continuous net outflows