Ethereum Staking Rewards and Prices Plunge Amid Market Turmoil.

Nearly 80% of the Ethereum staking rewards have been withdrawn since the Shanghai upgrade, with 1.5 million ETH ($2.8 billion) withdrawn since April 12, 2023. Only about one-third of the withdrawals involved the complete exit of the 32 ETH stack, while the other two-thirds involved only the exit of the staking rewards. The majority of the rewards accumulated prior to the hard fork have already been withdrawn, and any extraordinary selling pressure coming into the market should already be almost entirely exhausted.