Try doing a couple of complete (or almost) cycles, like down to 1-2% battery and then back up to 100%. For me, capacity was hovering a lot around 3-4% loss after 20-something cycles, but then after 3 complete cycles it is showing 100% almost all the time for a week now. I'm not sure how accurate it is, but if you hover your capacity over the same percentages or keep it plugged at 100% most of the time, calibration will start going off and statistic will be far less accurate. I try to do one full cycle weekly now, just to keep the chemistry flowing every now and then. But if the information is correct, there has been no real capacity loss at all after 2-3 months of usage. I should say most of my usage has been with a charge limiter set around 50-60%, connected to a power source almost all of the time. I think if I had stayed at 100% during this time there would have been actual capacity loss.
The coconut (or other app) statistics are not very reliable though. I am also feeling weirdness with them and notice a difference of current charge % between what macOS and coconut is showing almost always. It seems to level out when the battery starts draining. Sometimes i've charged the mac to seemingly 100% and coconut says it's 95 or 96%. This is without battery health, so it seemed weird. Now I'm using both battery health and the charge limiter (AlDente) at the same time.