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Morgan Stanley: Bitcoin has entered the "autumn of the four-year cycle", and now is the "harvest season".
On November 12, Morgan Stanley's strategist stated that the crypto market has entered the “autumn phase” of Bitcoin's four-year cycle, and advised investors to harvest profits before a potential “winter” arrives. Denny Galindo noted that historical data shows that Bitcoin's price cycles exhibit a stable “three rises and one fall” rhythm. Galindo suggested that investors lock in profits in advance to prepare for the possible upcoming crypto winter. “We are currently in autumn,” he said, “autumn is the harvest season, it's the time to take your profits. But the question is, how long can this 'autumn' last? When will 'winter' begin?” This “harvest” metaphor indicates that Wall Street executives have begun to view the rhythm of the Bitcoin market through a cyclical investment framework, similar to commodity or liquidity-driven macro cycles.