There has been some disagreement lately about where we are from an altcoin perspective, mostly because the returns have been very unevenly distributed in this cycle, in the two previous cycles altcoins peaked exactly 546 days after the halving, for various reasons (cycle acceleration, macro factors, etc.) I think we will peak earlier than that, and I admit looking at 2 data points is overly simplistic.
However - from an altcoin perspective we are still early in this cycle, and in the first half of the cycle Bitcoin will naturally lead, and in fact, this is healthy for the market structure.
Altcoins typically don't start to outperform until later in the cycle!
