You may not like to hear that it is completely normal and your battery is performing exactly as it should be performing. On average, for every 50 cycle charges, battery health will decline about 1%. So, 276/50 = 5.52. You should send flowers to Apple as after 276 cycle charges, your battery should be in in the 94% - 95% range. But you're at 98%, so kudos to you!
Keep in mind that battery health decline is not exact, nor linear. It can remain stead for a while, then drop a few points all at once. Don't be surprised to see your health drop a few more points.
There is not one thing wrong with your phone. It is performing better than spec. And battery health decline cannot be stopped, no matter what you do. The battery limit is honestly more gimmick that not. It won't stop battery health decline. In fact, in a scientific study, performed by an independent engineer, they used two iPhone 16 Pro Max phones, both used exactly the same for an entire year. One phone had Optimized Battery Charging, where the phone charged to 100%. The other had the charge limit at 80%. At the end of the full year, both phones had the exact same battery health.
Apple is not trying to make you buy a new phone, unless you expect to own a phone with 100% battery health. I guess you could keep buying new phones if that's what you want. But the reality is the day will come when the health of your battery dips to 80% and that is when it's to pay Apple to replace the battery in your phone and it will then go back to 100%.
Or you could switch to an Android phone, which doesn't have any way for you to check the health of the battery. Yes, it will decline as all batteries decline. But at least you'll have no way of knowing the battery health is declining. What's the old saying? Oh yes, I remember........."ignorance is bliss!" In other words, you can't worry about what you don't know.