Coinbase Bitcoin is now trading at a premium, and the panic index has risen from around 20 to 44.

And most people have basically missed this round of market movement.
Why did they wait so long?

Borrowing a famous quote from a skit:
When stocks go up, you know to buy, but it's too late!
When a car hits a tree, you know to turn!
When a car crashes into a wall, you know to turn!
When you commit a crime and get sentenced, you know to repent!
When your runny nose drips into your mouth, you remember to wipe it off!