“The 1 million immediately withdrawable Ether is extra of a priority. This quantities to round 1% of free-floating Ether, in different phrases, not staked Ether. In a matter of minutes, the entire stack will get withdrawable, probably inflicting holders to hurry to exchanges to liquidate the Ether as quickly because the floodgates are open, pushing down the value,” Saxo Financial institution mentioned in a weblog publish.
