I don't think the bubble has burst yet, but I think yesterday's massive crash was a sign that the market is a bit bubbly.
Alts are obviously in a massive bubble, especially the smaller alts that now have several hundre millon dollar market caps!
I think there is life in the bubble yet though, I wouldn't go all in on Alts (I never would!), but I think there could be some time left in this bubble.
you just said what I wanted to. of course there are bubbles, the risks are accumulating, but not yet time to burst atm.