Whale Exit: Large stETH-to-ETH Swap Signals Short-Term Pressure

I noticed a whale bypassed the withdrawal queue and sold 4,242.4 stETH for 4,231 ETH, preferring immediate ETH liquidity over waiting for queued withdrawals.

The trade size and the small discount (~0.27%) to par suggest the seller prioritized speed over price, which could create short-term selling pressure on stETH and widen the stETH/ETH spread.

I view this as a sign to be cautious: large exits like this can precede further liquidity-driven moves or indicate individual risk management rather than systemic failure, but they increase short-term volatility for stETH.