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Crypto bull cycle not started yet despite Bitcoin ETF inflows hitting $526.7M, says investor Murad.

Market News
20 Oct 2026
Crypto news
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Neutral
Crypto bull cycle not started yet despite Bitcoin ETF inflows hitting $526.7M, says investor Murad.

Investor Murad stated that the crypto bull cycle has not yet begun, even as Bitcoin trades near $82,000 and U.S. spot Bitcoin ETFs saw $526.7 million in inflows on October 19. Despite this inflow reducing October's net outflows to $88 million, data from Glassnode shows continued selling pressure and weak spot demand. Historical analysis from Binance Research suggests that rebounds after shallow drawdowns often fail to sustain new highs, indicating caution. While some analysts see potential for a strong bull cycle, the market remains uncertain with mixed signals from futures, options, and ETF flows.

The crypto bull cycle and Bitcoin's price near $82K provide context for Pluang's market data. For readers following cryptocurrency, here is Pluang's market snapshot as of Oct 21, 2026 02:31 WIB: out of 50 major cryptocurrencies, 44 rose and 5 fell today. Notable movers include COTI at Rp201 (+5.44%), AXS at Rp18,925 (+5.20%), and VET at Rp126 (+4.80%).

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