Memecoin investor Murad has said the crypto bull cycle has yet to begin, with Bitcoin trading near $82,000 after U.S. spot Bitcoin exchange-traded funds recorded $526.7 million in daily inflows.
Summary
- Murad said crypto’s bull cycle has not begun, without giving a timeline or price target.
- Bitcoin ETFs drew $526.7 million on Oct. 19, reducing October’s net outflows to $88 million.
- Glassnode’s preceding weekly data showed continued selling despite stronger demand for bullish futures exposure.
- Binance’s historical study found four of five rebounds following shallow drawdowns later broke their previous lows.
Murad’s Oct. 20 X post declared that the…
