The Realized Profit Ratio is one of the indicators that helps us determine whether whales are exiting the market and taking profits. The chart below shows this indicator for wallets holding amounts between 10 to 100, 100 to 1,000, and 1,000 to 10,000. Compared to the all-time high (ATH) in previous cycles, it seems that the selling and profit-taking process by whales has not yet begun. This may indicate that, according to the whales, we are still not at the ATH range for this cycle.
Written by CryptoOnchain