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

By: theblockbeats.news|2025/07/22 11:01:51

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.

BiyaPay Analyst: The first stablecoin law case in US history emerges; Tether will ensure USDT compliance

Archax is set to acquire Deutsche Börse, expanding its cryptocurrency ETP business in Europe