The equal amount of ETH withdrawals and deposits in the third round post the Shapella upgrade indicates that most withdrawals might have been re-staked
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After the Shapella Upgrade on the Ethereum network went live in April, the third round of staking withdrawals witnessed the crypto exchange Kraken responsible for the highest withdrawals of a major portion of ETH.
Surprisingly, the amount of ETH deposits has almost equalled that of the staking withdrawals since most withdrawals could have been re-staked.