Still early in the cycle? The question keeps popping up across every chat group and trading forum. Some say we're priced in everything already. Others swear the real run hasn't even started. The truth is probably somewhere in between—different assets, different timelines. Bitcoin's narrative keeps shifting, altseason whispers are getting louder, and every dip triggers the usual debate: buy the bottom or wait for clearer signals? Whatever your take is, one thing's certain: market structure and on-chain metrics tell different stories depending on where you're looking. The early bird gets the worm, but sometimes the second wave moves faster.