📊 ETH Cost Basis Heatmap Insights
The heatmap reveals strategic moves by ETH holders:
🔻 The red band around $2,520 has faded since July 1, signaling profit-taking by earlier buyers.
💰 Despite this, nearly 2M ETH remains in their wallets — they’re not out, just locking in gains.
Key Takeaways:
1️⃣ Smart profit-taking in action
2️⃣ Confidence in further upside
3️⃣ New demand is stepping in to absorb the sell pressure
