Raoul Pal Says Crypto Market Is ‘Ready For Launch’ After ‘Waiting In The Room,’ But Asks For Patience
Posted On August 29, 2025
Macro analyst Raoul Pal said Thursday that many parts of the cryptocurrency market are in a consolidation or “waiting room” phase, but are showing signs of breakouts.
Crypto Ready To Launch?
In an X thread, Pal, founder of research publication Global Macro Investor, said that the total cryptocurrency market. excluding Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), is “ready to launch” from the waiting room.
Pal showed what appeared to be an Ascending Triangle pattern, which is a consolidation pattern indicating strong buying demand.
In the subsequent post, he focused on altcoins outside the top 10 biggest cryptos by market capitalization, saying that they are also in the waiting room, but will take “longer to launch.”
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