TLDR

• Jesse Eckel predicts that the next major crypto bull run will likely begin in 2026.
• He believes that macroeconomic factors are now more important than Bitcoin halving cycles.
• Central banks have paused rate hikes and are starting to ease financial conditions.
• Eckel says strong liquidity and economic growth are necessary for a sustained crypto rally.
• The current market phase is seen as a recovery stage rather than the beginning of a bull run.

A shift in global financial conditions may set the stage for a crypto bull run in 2026, researchers say. Jesse Eckel, a macro researcher, points to easing interest rates and liquidity growth as key upcoming drivers. He believes the current recovery phase may transition into…