Raoul Pal Predicts Bigger Bitcoin Rally Ahead, Says Liquidity Wave Peaks in 2026

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Story Highlights* Raoul Pal says crypto’s recent weakness is a temporary liquidity gap, not the cycle top.

  • He argues the real bull run begins once liquidity expands into 2025-2026.
  • Pal warns the true risk window isn’t now, but the major liquidity downturn expected in 2027.
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