eth staking queue at 4.1m eth with 54:1 inflow to outflow ratio. 70-day wait to lock up capital at 2.83% apr during a 44% crash. bitmine staked 140k eth on feb 11 already down 49% from cost basis. etf money exits liquid instruments. conviction capital commits to illiquidity. $7.84b queued says $1,938 is accumulation not capitulation. ...