Ethereum's Beacon Chain staking entry queue has surged to 1.759 million ETH—valued at approximately $5.5 billion—reflecting sustained institutional and retail interest in ETH staking rewards. The growing deposit pressure has extended validator activation times to over 30 days, creating a notable backlog for new stakers looking to participate in network consensus. On the flip side, the exit queue has completely cleared to zero, suggesting validators are holding positions rather than rushing to unstake. This dynamic reveals the current market sentiment: strong inflows of capital seeking yield, while existing participants remain committed. The prolonged activation wait could influence staking participation rates in the coming weeks.