Withdrawal for Ethereum bets coming soon

Ethereum will introduce Proof of Stake withdrawals on April 12, but with a tight schedule.
April 12 will be a historic date for the Ethereum world. The second largest cryptocurrency by market capitalization will complete the transition to Proof of Stake, or at least that's the angle we think it's right to look at it from. Starting tomorrow, it will be possible to start withdrawing funds that have been staked, an operation that has already been the source of several misunderstandings.
This feature will be part of a broader update codenamed Shapella, which has also been accompanied by prophecies of doom and some disturbing articles about the possible price collapse that will be associated with this operation. To better prepare for this event, we've put together a mini-guide for those who understand little about what will happen, as well as those who are concerned about a move that may be more historic than the merger.

Shapella: What will happen to Ethereum?

The name is a rather curious one, we know it. It was born from the merger of Shanghai and Capella, which then became the names of two (separate) updates that will happen at the same time.
What everyone is looking forward to tomorrow is the possibility of betting on Ethereum, which until now has been impossible: we can indeed bet on $ETH, but we can't take it out yet.
The simplest - and, in our opinion, simplistic - reading is that starting tomorrow there will be 18 million units of Ethereum currently in the stack available. A significant amount even compared to the huge turnover of this cryptocurrency.

How will the withdrawal happen: timing

The first important thing to understand is that there will be two withdrawal modes. These are full withdrawals, where you withdraw everything you have in your bet, and partial withdrawals. In the second mode, you will only be able to withdraw the portion that exceeds the 32 Ethereum required for validator node status.

1,800 per day

In terms of total withdrawals, no more than 1,800 will be withdrawn per day, which means that it would take about 280 days to get rid of more than 500,000 validators on the network if everyone wanted to close their positions. This is to give you an idea of how long the process will be.

Another factor: you can already apply

Another factor that many people seem to ignore is that you can already apply to withdraw your Ethereum, which the general public may not know about, but those who have invested large sums in the bet do. So far, fewer than 2,000 people have decided to do so.

Who has the largest amounts in bets?

Lido Finance, which controls about 30% market share of this specific feature. Lido Finance will take some time before any betting withdrawals are initiated. They say that if all goes well, at least in mid-May.

So nothing can happen to the price?

Even if a little time passes before the run-up operations begin, it's hard to predict how markets will move, which will be driven by speculation rather than withdrawals. In any case, prophecies of doom must surely be returned to the sender.