Glassnode: Ethereum Buyers Taking Profit Around $2520, New Buy Orders Absorbing Market Supply

BlockBeats News, July 22: Glassnode has released the Ethereum Cost Basis Distribution Heatmap, showing that since July 1, Ethereum buyers have been realizing profits around $2520. The red area is gradually weakening, with a significant portion of buyers still holding nearly 2 million ETH. Glassnode analysts stated that investors are strategically taking profits while the market generally expects further price increases for Ethereum. The additional buying pressure is absorbing market supply.