Alt season has never stopped, the key is whether you have seized it.

[Chain News] BitMEX co-founder Arthur Hayes recently discussed an interesting topic on a podcast - alt season. He mentioned that alt season has actually always been there; it's just that many people haven't realized it. Why? Because “if you're always saying that alt season hasn't arrived yet, it's likely that you don't hold those coins that are in green.”

Many traders are still using old tactics. They expect altcoins to play out the same story as in previous years, repeating historical patterns. However, Hayes believes this mindset needs to change. We are now in a new cycle, with new things constantly emerging. Traders need to learn to adjust their strategies and focus on new market trends, rather than relying solely on past experiences.

Let's take Hyperliquid as an example, as Hayes calls it “the most exciting story” of this crypto cycle. This project was initially issued at a price of two to three dollars, and then skyrocketed to 60 dollars. Looking at Solana, SOL experienced a significant correction in 2022, dropping to nearly 7 dollars, but rebounded to nearly 300 dollars at the beginning of this year. These all indicate that there are indeed new opportunities in the new cycle, the key is whether one can identify and seize them.