Definition

Realized Price for the Ethereum network , capturing the average price at which the entire ETH supply last moved on-chain.
Realized Price for PoS Deposits , capturing the average deposit price for all staked ETH.
Aggregate Unrealized Profit/Loss on Deposits , calculated as the difference between the Realized Price for Deposits, and the Spot Price, multiplied by the total ETH value staked.

Quick Take

Ethereum Shanghai upgrade is on the horizon later this month.
As a result, stakers can withdraw their tokens from Ethereum POS smart contract.
The total staked amount in ETH is roughly 17.4 million; this has grown by 4 million since the merge in September 2022.
The current realized price for Ethereum is $1,380, while the ETH 2.0 deposits realized price is roughly $2,153.
Roughly $8.5 billion of unrealized losses, while most staked ETH is currently at a loss.
Total Staked: (Source: Glassnode)ETH Staked Realized Price: (Source: Glassnode)ETH Staking: (Source: Dune Analytics)

The post Ethereum Shanghai upgrade inches closer with massive 17.4M ETH staked by community appeared first on CryptoSlate.

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Filed under: Bitcoin - @ March 2, 2023 2:16 pm