Murad says crypto bull cycle has yet to begin as Bitcoin holds near $82K
- —Murad wrote on X on Oct. 20: "The Crypto Bull Cycle hasn't even begun yet"
- —U.S. spot Bitcoin ETFs drew $526.7 million on Oct. 19, with IBIT taking in $665.2 million
- —FBTC lost $83.6 million and GBTC saw $54.9 million in outflows
- —October's net ETF outflows shrank to $88 million but the month remains negative
Why it matters: The claim lands as spot demand stays weak and ETF flows remain negative, so the market needs confirmation of a recovery.
Source: crypto.news