Between October 1 and 30, CryptoKeyhole recorded 1,400,947 ETH deposited and 1,511,710 ETH paid out, producing a net outflow of 110,763 ETH. The active staking share of validators nevertheless increased from 35.82% to 36.09% of ETH supply. CryptoKeyhole estimates show that active effective stake rose by about 360,945 ETH, while total consensus-layer holdings fell by approximately 79,837 ETH. Queue movements, delayed deposit activation and the timing gap between validator exits and withdrawals explain the divergence.
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