The Realized Profit Ratio is a key metric for assessing whale activity in the crypto market. Current data for wallets holding 10 to 10,000 units suggests that whales have not initiated significant selling or profit-taking. This behavior contrasts with patterns observed at previous all-time highs (ATH), implying that whales believe the market has not yet reached its peak for this cycle. Such insights could indicate a continued bullish outlook for the crypto market, as major holders appear to anticipate further growth before considering substantial exits.