p-Conjugated macrocycles containing all-benzenoid rings usually show local aromaticity,but reported herein is the macrocycle CBQT,c ontaining alternating para-quinodimethane and triphenylamine units displaying annulene-like antiaromaticity at low temperatures as aresult of structural rigidity and participation of the bridging nitrogen atoms in pconjugation. It was easily synthesized by intermolecular Friedel-Crafts alkylation followed by oxidative dehydrogenation. X-rayc rystallographic structures of CBQT,a sw ell as those of its dication, trication, and tetracation were obtained. The dication and tetracation exhibited global aromaticity and antiaromaticity,r espectively,a sconfirmed by NMR measurements and theoretical calculations.B oth the dication and tetracation possess open-shell singlet ground states,w ith as mall singlet-triplet gap.