Arthur Hayes: Altcoin season has already started, many are just holding the wrong assets

BitMEX co-founder Arthur Hayes argued in a recent interview that the altcoin season is not an upcoming event but one that has been ongoing. He stated that traders who believe an altcoin season has not yet begun are likely not holding the assets that have already seen significant price increases. Hayes suggested that many traders are mistakenly expecting the current cycle to mirror past ones. Instead, he believes a new phase has started, with different assets experiencing surges. He emphasized that those waiting for a repeat of a familiar altcoin season are doing so in the hopes of not missing out again, concluding that the season has already happened and they simply did not participate in it.