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![glassnode Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1022821051187822593.png) glassnode [@glassnode](/creator/twitter/glassnode) on x 582.7K followers
Created: 2025-07-24 11:40:44 UTC

Rising WETH borrow rates on Aave made the stETH leverage loop unprofitable, triggering unwinds that imbalanced the ETH/stETH pool and depegged stETH, contributing to ETH sell pressure. Additionally, a growing validator exit queue adds friction to arbitrage, slowing peg recovery.

![](https://pbs.twimg.com/media/GwnqUVZXIAA5gVI.jpg)

XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1948347613985624213/c:line.svg)

**Related Topics**
[loop](/topic/loop)
[steth](/topic/steth)
[rates](/topic/rates)
[ethereum](/topic/ethereum)
[coins layer 1](/topic/coins-layer-1)

[Post Link](https://x.com/glassnode/status/1948347613985624213)