Many people’s understanding of Crypto winter remains superficial, but in fact, the meaning of this concept is evolving.

Rather than calling it a harsh winter in the crypto market, it’s better to understand it as a cold cycle — the key point is that winter will always pass. Many experienced traders now have a different perspective on this narrative; they are no longer afraid of recession but are instead interpreting signals of market recovery. Spring is coming, and that is the real topic currently being discussed by market participants.

The same vocabulary can have very different levels of understanding at different stages.