Bitcoin Warning From Morgan Stanley

Benzinga

Morgan Stanley is warning Bitcoin investors that the market may be entering its “fall season” — a phase where profits should be taken before the next downturn.  According to strategist Denny Galindo, who spoke on the bank’s Crypto Goes Mainstream podcast, Bitcoin’s historical pattern follows a three-up, one-down rhythm — and right now, we’re in the “fall” stage.  Bitcoin tapped $105,000 before pulling back below $104,000, sparking renewed debate over whether the rally has more room to run. Galindo says investors should think of this as a time to “harvest gains” while the market remains strong.  Meanwhile, Michael Cyprys, Morgan Stanley’s head of U.S. brokers and asset managers research, said institutional interest remains firm. He highlighted that U.S. spot Bitcoin ETFs now manage over $137 billion, while Ether ETFs hold $22.4 billion, showing continued Wall Street appetite despite volatility.  Technically, Bitcoin faces resistance near $110,000. A breakout could open the door toward $114,000–$116,000, while failure could drag the price back toward $100,000.

Transcript

00:00Morgan Stanley strategist just told Bitcoin investors it's fall season.

00:04Translation, time to take profits before winter hits.

00:08Strategist Denny Galindo said on the Bank's Crypto Goes Mainstream podcast

00:12that Bitcoin has entered its fall season,

00:15the point in the market cycle when investors should harvest gains before the next downturn.

00:20He compared Bitcoin's rhythm to the four seasons, three up and one down.

00:24After rallying to $105,000 this week, Bitcoin pulled back under $104,000

00:29and Galindo says this could be a sign the rally is peaking.

00:33Fall, he said, is when you take profits before the next winter begins.

00:37Meanwhile, Morgan Stanley's Michael Cypress says institutional interest is still strong.

00:42He pointed out that the U.S. spot Bitcoin ETFs now hold $137 billion

00:47while Ether ETFs manage around $22 billion.

00:51Proof that the big players are still in.

00:53Technically, Bitcoin's hovering near trendline resistance at $110,000.

00:57Break above it and bulls could target $114,000 to $116,000.

01:03Fail here and it could slide back towards $100,000 support.

01:07Bitcoin is trading at $101,000 at the time of reporting.

01:10So what do you think?

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