Decreasing ETH holdings on liquidity staking platforms

Bitcoin.com, citing data from DeFiラマ, said that “the amount of Ethereum (ETH) held on all liquidity staking platforms has continued to decline since October last year, falling below 14 million ETH.” Lido (LDO, 9.64 million ETH) was the largest ETH holder among all platforms, but its holdings have also decreased by 160,000 ETH since November last year. The media explained, “The holdings of liquidity staking platforms are at the level of 11.44% of the total supply of ETH, and the fact that their holdings are decreasing means that the investment sentiment is not positive.”