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Arthur Hayes: The knock-off season is always here; investors misjudge because they don't hold onto rising assets.

2025-12-21 00:14

According to Odaily Planet Daily, Arthur Hayes stated in a YouTube podcast interview that the altcoin season is always happening, and investors believe it hasn't arrived because they haven't held assets that have risen in value. Hayes pointed out that many traders still expect the altcoin season to repeat the patterns, coins, and narratives of previous years, and advised traders to adjust their mindset to focus on new market developments rather than relying on history. He cited Hyperliquid as the best example of this cycle so far, with its token HYPE rising from $2-3 to $60, and mentioned Solana's performance from $7 to nearly $300. Hayes emphasized that the altcoin season has already begun; it's just that some investors haven't participated.