ETH is getting sold on the chart but locked everywhere else.

Nearly 3M $ETH is waiting to be staked.
The entry queue is around 50 days.
At the same time, the exit queue is almost empty.
Very few are leaving.
That’s a clear imbalance.
If confidence was weak, exits would spike and staking would slow down.
But the opposite is happening.
People are locking ETH for months at ~2.7% yield.
Total staked ETH is now above 38M, over 31% of the entire supply.
And this number keeps increasing even as price trends lower.
ETH Price is showing weakness but participation is showing strength.
A long wait to get in, and almost no wait to get out.
That kind of disconnect usually doesn’t last.
Supply is getting locked away while demand keeps building.