Cycle Top or Not, Token2049 Shows Bulls on Inflows, Bears on Buyer Exhaustion
Oct 1, 2025
< 1 min read
by Coin Edition
for CoinEdition

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- Token2049 sentiment is split as pros weigh ETF flows versus buyer fatigue
- Seasonality and ETF inflows support bulls while rotations and MSTR worry bears
- Rising stablecoin supply signals fresh liquidity for Q4 positioning
The question dominating Token2049 Singapore is whether the crypto bull cycle has already peaked or still has legs into 2026. Traders and analysts are split, with credible reasons on both sides. That divide itself – the so-called wall of worry, is shaping how capital is deployed right now.
Right now, the analysts seem to be split on whether we hit the bull cycle top or not.
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