Try zooming in even closer on an area that looks clipped. On a small area that looks clipped, zoom in to the point you see each individual peak of the waveform. For example, instead of 2.5min worth of audio (see attached image aud-zoom1.jpg), zoom in tightly on just a second or two to view the individual peaks (see attached imgae aud-zoom2.jpg). Though my recording isn't clipped, hopefully you can see in the attached pics how a series of individual peaks turns into a block when zoomed out. If the series of peaks are approaching 0 dBFS, this would appear as clipping while zoomed out.
At any rate, yeah...many studio releases are compressed as all get out.
Edit to add: Whoops, forgot to add the images.