If the clone/altcoin season comes, here are my specific judgments and what I would do. The altcoin season will come, but I will participate more cautiously.

Baseline scenario: In Q4, multi-round structural opportunities emerge.

My tendency: Capital first concentrates in a small number of projects that show growth, revenue, and clear catalysts.

Time window: Over the next few weeks, watch for broader diffusion; in October to December (10–12), assess whether it can sustain.

Below are the conditions I use to make my judgment:
Compared with holding BTC, why do I think this investment is worth taking on additional volatility, unlocking, technical, and business risks? For example, if altcoins rise 60% while BTC rises 30%, then the BTC value I can get back from this altcoin investment only increases by 23%. But I must determine whether the risk I’m taking is worth it for that 23% coin-denominated (BTC) increment.

Focus research effort on a few chains/links that can be continuously and verifiably validated.
Track <0>$HYPE </0>’s revenue and valuation, <0>$UNI </0>’s actual burn and new transaction scenarios, <0>$LINK </0>’s paid demand and reserve accumulation, and whether RWA assets truly enter collateralization and lending.

When the altcoins come to you, how would you choose?