The storylines in the 2025 crypto market are evolving rapidly. Market sentiment has suddenly shifted from pessimism to optimism — but the fundamentals haven't kept pace with this rhythm. This dislocation is quite interesting. Narratives are changing at a lightning-fast speed, but substantive developments such as project progress, technological breakthroughs, and ecosystem building are still slowly advancing. Investors' expectations often outpace reality, which is especially evident in a bull market. It will be worth watching whether the fundamentals can catch up with the market enthusiasm or if this rebound is just another cycle of emotional repetition.