Crypto “waiting room” ahead of Market Top in Q1 2026: Raoul Pal
The cryptocurrency market may be in the “waiting room” ahead of the next phase of the price discovery stage, in a development that may see institutional capital extend the historical four-year cycle, according to industry watchers.
As the crypto market is awaiting its next catalyst, the “slow business cycle’s” liquidity dynamics may extend the traditional four-year cycle into the first or second quarter of 2026, according to Raoul Pal, founder and CEO of Global Macro Investor
“Many key parts of the crypto ecosystem are in the waiting room ready to launch,” wrote the popular analyst in a Friday X post, adding:
“Our work suggests (probabilistically speaking) that the cycle extends into Q1 2026 and possibly Q2 2026 due to…
