According to André Dragosch, PhD (@Andre_Dragosch), current on-chain metrics and historical cycle comparisons indicate that Bitcoin may be at the early stage of a new bull market cycle rather than nearing the end. Dragosch highlights that metrics such as net unrealized profit/loss, long-term holder accumulation, and exchange inflows remain at levels typically seen in early bull phases (source: @Andre_Dragosch, May 11, 2025). For traders, this suggests that significant upward momentum and volatility may still be ahead, offering potential opportunities for medium-to-long-term positioning. The possibility of an extended BTC rally could also positively impact altcoin markets and overall crypto trading sentiment.