The cryptocurrency market can be in the “waiting room” before the next phase of the price discovery stage, in a development that can see that institutional capital extends the four -year historical cycle, according to the observers of the industry.
As the encryption market awaits its next catalyst, the liquidity dynamics of the “slow economic cycle” can extend the traditional four -year cycle to the first or second quarter of 2026, according to Raoul Pal, founder and CEO of Global Macro Investor
“Many key parts of the cryptographic ecosystem are in the waiting room ready to launch,” wrote the popular analyst on a Friday X mailadding:
“Our work suggests (probably speaking) that the cycle extends in the first quarter of 2026 and possibly Q2 2026 because the slow economic cycle is more liquidity for longer.”
“People need to learn patience. The road is clear … but never, never, wait for tick for the perfection of ticks,” he explained.
PAL uses the economic cycle score as a macroeconomic model to track the current stage of the broader cycle of the global economy.
“Raoul’s framing that Crypto is in the ‘waiting room’ resonates with the way the markets behave at this time,” according to Enmanuel Cardozo, market analyst of the active token platform of the real world Brickken.
The recent setback “did not come from Ochain’s dynamics but from political tensions between President Trump and the Federal Reserve,” the analyst told Cointelegraph, added:
“What supports the thesis of an extended cycle in 2026 is that institutional positioning has not become bassist.”
Institutional assignments towards the two main cryptocurrencies remain solid despite the “strip and loosen” about the interest rates policy, said the analyst.
Meanwhile, Stablecoin tickets in Binance exceeded $ 1.65 billion, which can be seen as a potential precursor for renewed cryptocurrency investments, since the stable stables are the main financing tools for merchants.
Related: Hyperlyide whales net $ 48 million in 200% XPL Rally, amid manipulation accusations
Sol, Sui, Doge can be next to leaving the “waiting room” – Raoul Pal cryptography
Some of the main alternatives of the cryptocurrency market are currently preparing to leave the “waiting room” ahead for the final parabolic stage of the demonstration, with the Token Solana (Sun) the “Next To Leave”, Pal wrote, sharing the table below.
The picture shows an ascending triangle pattern, which technical operators see how a bullish continuation pattern, indicating a possible price rupture after confirmation.
After the Solana file, Sui (SUI) will be the next Altcoin to gain impulse, followed by Dogecoin (Doge), once the largest cryptocurrencies that exclude the main 10, also tracked as “others”, will begin to meet, predicted pal.
Meanwhile, the Token XRP (XRP) is “in the complete bearing process”, while the largest altcoins that exclude the main 10 can still take “more time to launch.”
Related: Yzy Token by Kanye West: 51,000 merchants lost $ 74 million, while 11 scored $ 1m
Two months ago, Pal said that the current encryption market cycle reflects patterns similar to 2017, when the price of Bitcoin (BTC) shot more than 1.255% during the year.
“It’s creepy similar to 2017”, pal saying In a video on June 19, predicting a longer cryptographic cycle compared to previous years, since an American dollar weakening may indicate that the encryption cycle is still far from its maximum point.
https://www.youtube.com/watch?v=ly-sjgrakrs
Magazine: Altcoin’s 2025 season is almost here … but the rules have changed
