The cryptocurrency market could be in the “waiting room” before the next phase of the price discovery phase, in a development that could see institutional capital extend the four-year historical cycle, according to industry observers.
While the cryptography market awaits its next catalyst, the liquidity dynamics of “slow work cycle” can extend the traditional four -year cycle in the first or second quarter of 2026, according to Raoul Pal, founder and CEO of Global Macro Investor
“Many key parts of the cryptography ecosystem are in the waiting room ready to be launched,” wrote the popular analyst in a Friday X Post, adding:
“Our work suggests (in a probabilistic way) that the cycle extends in the first quarter of 2026 and possibly to T2 2026 due to the slowdown in the economic cycle forcing more liquidity longer.”
“People need to learn patience. The path is clear … But never expecting the mark for the perfection of ticks,” he said.
PAL uses the scoring of the economic cycle as a macroeconomic model to follow the current stage of the broader cycle of the world economy.
“The Crypto Raoul framing in the” waiting room “is resonating with the way the markets are currently behaving,” according to Manuel Cardozo, market analyst of the tokenization platform for real assets.
The recent decline “did not come from the dynamics of Onchain but political tensions between President Trump and the Federal Reserve,” said the analyst at Cointelegraph, adding:
“What supports the thesis of a prolonged cycle in 2026 is that institutional positioning has not become down.”
Institutional allowances to the two leading cryptocurrencies remain robust despite the “rope fight” on the interest rate policy, said the analyst.
Meanwhile, stablecoin inputs on a binance exceeded $ 1.65 billion, which can be considered a potential precursor for renewed cryptocurrency investments, because stables are the main financing tools for merchants.
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Sol, Suis, Doge may be next to leaving the crypto “waiting room” – Raoul Pal
Some of the main altcoins of the cryptocurrency market are currently preparing to leave the “waiting room” in advance for the last parabolic step of the rally, the Solara token (ground) being the “following to leave”, wrote PAL, sharing the graph below.
The graph shows an ascending triangle model, which is considered by technical traders as a bullish continuation model, signaling a potential price escape during confirmation.
After the Solana token, Su (Suis) will be the next Altcoin to take momentum, followed by Dogecoin (Doge), once the largest cryptocurrencies excluded the top 10, also followed as “others”, will start to come together, PAL predicts.
Meanwhile, the XRP token (XRP) is “under full portage”, while the greatest altcoins excluding the top 10 can still take “more time to launch”.
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Two months ago, PAL said that the current cryptography market cycle reflected models similar to 2017, when the Bitcoin price (BTC) has skyrocketed more than 1,255% during the year.
“It is scary similar to 2017,” said PAL in a video on June 19, providing for a longer cryptography cycle compared to previous years, because a weakened US dollar may indicate that the cryptographic cycle is still far from its peak.
https://www.youtube.com/watch?v=ly-Sjgrakrs
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