Back to collectionShanghai Opens Withdrawals; ETH Rises
The market had been waiting for Ethereum's Shanghai upgrade. The Shanghai upgrade was completed and staking withdrawals opened. A fear previously summed up in one phrase began to be discussed in terms of available actions and individual choices.
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The market had been waiting for Ethereum's Shanghai upgrade. In the group, some treated the opening of staking withdrawals as if it automatically meant a wave of selling. The Night Watchman worried that this would reduce the conversation to another price guess.
The Shanghai upgrade was completed and staking withdrawals opened. ETH rose that day instead of falling. The Night Watchman explained that being able to withdraw and deciding to sell were separate things, while declining to declare every risk gone on the strength of a single day's price move.
A fear previously summed up in one phrase began to be discussed in terms of available actions and individual choices. The Night Watchman wanted the group to ground its discussion in what members actually knew. How people would respond over time to open withdrawals remained to be seen.