Last weekend, a significant signal suddenly appeared in the crypto market.

On December 29th, the queue data for Ethereum validators surged to 745,619 ETH, with an average wait time of 13 days to enter; in contrast, the exit queue was only 360,518 ETH, with an 8-day exit time. This is the first reversal seen in the past six months — inflow funds are outpacing outflow funds at twice the speed.

This phenomenon is called a "Golden Cross," and what does it mean in on-chain data? Simply put, the selling pressure is rapidly depleting. After five months of continuous net outflows starting in July, it was only broken this weekend. Analysts believe that if the exit queue continues to decline at the current rate, this indicator could likely hit zero by January 3, 2026. By then, buy-side interest will become extremely sensitive — any order could push prices higher.

The Monad team reviewed a similar crossover in June and warned that once such signals are confirmed, prices often double to make up for the loss. The question now is, will this time repeat itself?