The post Raoul Pal Sees Bitcoin Peak in 2026 as Liquidity Builds appeared on BitcoinEthereumNews.com. Bitcoin’s market cycle extends to 2026 due to longer global debt maturity. Liquidity drives 90% of Bitcoin’s value changes, outweighing earnings or geopolitics. High rates delay growth, but expanding liquidity supports crypto momentum into 2026. Macro investor Raoul Pal has stated that Bitcoin’s traditional four-year market rhythm has shifted into a five-year cycle, projecting the next peak to occur around the second quarter of 2026. His analysis connects this shift to a structural change in global debt maturity, extending the usual business cycle by roughly a year. Speaking on Real Vision, Pal explained that the maturity of government debt was lengthened from four to five years between 2021 and 2022. He said this change effectively extended the global business cycle, which Bitcoin’s price movements have historically followed. According to him, the current trend mirrors a 5.4-year sine curve that aligns with the average weighted maturity of global debt. Related: $125K Peak Was Just the Beginning: Analysts Eye Mid-2026 Bitcoin Top Debt Extension and Rate Pressures Pal highlighted that the present cycle’s delay stems from high interest rates, which have slowed liquidity growth. He noted that while Wall Street benefited from asset inflation, Main Street faced tighter financial conditions. He emphasized that lowering rates remains necessary to manage rising debt costs and restore balance between financial and real sectors. The macro analyst also pointed out that global policymakers face a complex challenge, reducing rates to refinance growing debt without destabilizing currencies or inflation expectations. This environment, he said, has produced an extended business cycle that diverges from previous four-year patterns. Liquidity as the Core Market Driver Beyond interest rates, Pal identified liquidity as the key force behind asset valuations. He said liquidity accounts for roughly 96% of tech stock movements and about 90% of Bitcoin’s. The strong correlation suggests that capital… The post Raoul Pal Sees Bitcoin Peak in 2026 as Liquidity Builds appeared on BitcoinEthereumNews.com. Bitcoin’s market cycle extends to 2026 due to longer global debt maturity. Liquidity drives 90% of Bitcoin’s value changes, outweighing earnings or geopolitics. High rates delay growth, but expanding liquidity supports crypto momentum into 2026. Macro investor Raoul Pal has stated that Bitcoin’s traditional four-year market rhythm has shifted into a five-year cycle, projecting the next peak to occur around the second quarter of 2026. His analysis connects this shift to a structural change in global debt maturity, extending the usual business cycle by roughly a year. Speaking on Real Vision, Pal explained that the maturity of government debt was lengthened from four to five years between 2021 and 2022. He said this change effectively extended the global business cycle, which Bitcoin’s price movements have historically followed. According to him, the current trend mirrors a 5.4-year sine curve that aligns with the average weighted maturity of global debt. Related: $125K Peak Was Just the Beginning: Analysts Eye Mid-2026 Bitcoin Top Debt Extension and Rate Pressures Pal highlighted that the present cycle’s delay stems from high interest rates, which have slowed liquidity growth. He noted that while Wall Street benefited from asset inflation, Main Street faced tighter financial conditions. He emphasized that lowering rates remains necessary to manage rising debt costs and restore balance between financial and real sectors. The macro analyst also pointed out that global policymakers face a complex challenge, reducing rates to refinance growing debt without destabilizing currencies or inflation expectations. This environment, he said, has produced an extended business cycle that diverges from previous four-year patterns. Liquidity as the Core Market Driver Beyond interest rates, Pal identified liquidity as the key force behind asset valuations. He said liquidity accounts for roughly 96% of tech stock movements and about 90% of Bitcoin’s. The strong correlation suggests that capital…

        Highlights:  The BNB price is down 2% to $1111.46, despite the trading volume spiking 26%. The BNB on-chain demand has slipped, with the open interest plummeting 3% showing a drop in demand.  The technical outlook shows a tight tug-of-war, with the bulls attempting to overcome resistance zones.   The BNB price is down 2% today, to trade at $1111.46. Despite the plunge, the daily trading volume has soared 26% showing increased market activity among traders. However, BNB Chain has seen declining network activity, with the open interest plummeting, signaling a drop in demand.  On Chain Demand on BNB Cools Off The BNB Chain is in a state of cooldown of network activity, which indicates low on-chain demand. In most instances, when a network fails to ensure large volumes or revenues, it means that there is low demand or outflows to other networks.  BNB DeFi Data: DeFiLlama According to DeFiLlama data, the volume of the Decentralized Exchanges (DEXs) is down to at least $2.12 billion in comparison to the high of $6.313 billion on October 8, which also means low on-chain liquidity.  On the other hand, Coinglass data shows that the volume of BNB has grown by 3.97% to reach $4.95 billion. However, the open interest in BNB futures has dropped by 3.36% to reach $1.74 billion. This reduction in open interest is an indication of a conservative stance by investors since the number of new positions being opened is low. This could be an indication that investors are not so sure about the short-term price outlook. BNB Derivatives Data: CoinGlass Meanwhile, the long-to-short ratio is sitting at 0.9091. This shows that the traders are undecided on BNB price’s next move, as it sits below 1.  BNB Price Moves Into Consolidation The chart displays the BNB/USD price action on a 4-hour timeframe, with the token currently hovering around $1111.46. The 50-day Simple Moving Average (SMA) is at $1113, while the 200-day SMA sits at $1129, cushioning the bulls against upside movement. The price has mostly been trending below both SMAs, indicating that the bears are having the upper hand.  The BNB trading volume is up, soaring 26%, signaling the momentum is real. On the 4-hour chart, BNB is trading within a consolidation channel. In such a case, this pattern may act as an accumulation period, giving the bulls hind wings to break above resistance zones.  BNB/USD 4-hour chart: TradingView Zooming in, the Relative Strength Index (RSI) sits at 44.15, below the 50 level. This shows weakening momentum in the BNB market, and might lead to the RSI plunging to the oversold region if the bulls don’t regain control. In the short term, the BNB price could move up to $1113 resistance and flip it into support. A close above this zone will see the bulls target $1126 resistance, giving the bulls strength to reclaim the $1230 mark.  Conversely, if the resistance zones prove too strong, a dip towards $1012 could be plausible. In such a case, this could be a prime buy zone for the risk-takers. In the long term, if the token keeps the hype alive, the bulls may reclaim the $1375 high or higher.    eToro Platform    Best Crypto Exchange   Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users    9.9   Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.