According to Glassnode, less than 1% of staked ETH is expected to be sold after the Shanghai upgrade. Glassnode predicts that only 170,000 ETH, out of the total 18.1 million ETH staked on the Beacon Chain, will be unlocked in the first week of the hard fork. The figure comprises 100,000 ETH worth of staking rewards and 70,000 ETH worth of staked Ether.
Glassnode supports its prediction by stating that only 253 depositors are waiting to exit their stake, and measures are in place to prevent a sudden influx of ETH supply into the market. Glassnode believes that the hard fork will not have a significant impact on Ether’s price action.
