Murad says crypto bull cycle has yet to begin as Bitcoin holds near $82K

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 market’s main advance remained ahead, without setting a price target or giving a timeline. “The Crypto Bull Cycle hasn’t even begun yet.” The post had drawn approximately 66,000 views, 1,500 likes, 240 reposts and 329 replies when captured. His statement offered no supporting market data or definition of what would mark the beginning of a bull cycle. After retreating from nearly $83,000, Bitcoin was down 1.2% over 24 hours at $81,730.70 earlier on Oct. 20, as crypto.news reported on Oct. 20. The same technical assessment identified $82,587...