The Realized Profit Ratio suggests this #Bitcoin cycle is still in its growth phase.

Historically, whales begin selling and taking profits as the market approaches its all-time high (ATH). However, current data indicates that whales are holding steady, implying confidence that the ATH for this cycle has not yet been reached.

This behavior may signal further upside potential before the cycle tops out, offering a compelling narrative for long-term investors to watch closely.