Analysts suggest that the cryptocurrency market could be in a holding pattern before entering its next explosive phase.
According to Global Macro Investor CEO Raoul Pal, the traditional four-year crypto cycle may stretch into early 2026 as slower global liquidity conditions delay the next wave of capital inflows.
Pal described the current environment as a “waiting room” where major parts of the crypto ecosystem stand ready to ignite. He argued that the business cycle is creating conditions for “more liquidity for longer,” potentially pushing the cycle’s peak into the first or even second quarter of 2026.
Other analysts echoed this view. Enmanuel Cardozo of Brickken told Cointelegraph that the recent pullback was more about political friction between President Trump and the Federal Reserve than on-chain weakness.
He noted that institutional positioning in Bitcoin and Ethereum remains strong, a signal that big money has not turned bearish. Meanwhile, Binance stablecoin inflows topping $1.65 billion hint at fresh buying power waiting to re-enter markets.
Which Altcoins Could Break Out Next?
Pal also highlighted which assets he believes will exit the “waiting room” first. Solana (SOL), he said, is showing a bullish ascending triangle setup that could precede a breakout. Next in line could be Sui (SUI), followed by Dogecoin (DOGE). XRP, meanwhile, is still in transition, while smaller altcoins outside the top ten may need more time before joining the rally.
Pal has compared today’s cycle to the explosive run of 2017, when Bitcoin surged more than 1,200% in a year. He believes the similarities are “spooky,” and that the extended timeline this cycle could mean the final parabolic stage is still ahead.
If his forecast proves correct, the crypto market may be on the verge of its most significant expansion yet — but investors may need to exercise patience before the next leg higher begins.
The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/biggest-bull-run-yet-expert-says-crypto-cycle-could-extend-to-2026/