As the world shifts gears into the “fall season” of the digital marketplace, a distinguished financial entity, namely Morgan Stanley, has revisited old communist wisdom: “Of what use is gold amidst the sweeping winds of capitalistic winter?” or, in our present lexicon, “When the Bitcoin air chills, it is time to harvest gains.”
Denny Galindo, an assessment artisan from Morgan Stanley Wealth Management who dares to translate the mystic market timelines, posits that Bitcoin, similar to the cycles of nature ordained by some unseen hand-perhaps the same that writes history in summers and winters-abides by a four-year rhythm. These years, he claims, begin with prosperity for three, followed by a single year of desolation. In conversation upon the “Crypto Goes Mainstream” podcast, he likened our current circumstances to a time not unlike the bountiful harvest season of old decreed by some higher power.
“With the shadows lengthening and leaves of October aflutter, Bitcoin, too, descends,” he intoned. “For now is the time to reap, to gather treasures that so many have sown.” Following suit, Bitcoin found itself weighed down beneath the symbolic gavel of the 365-day moving average on November 5-a clarion call to many, signaling the waning of summer and the onset of fiscal autumn.
As Bitcoin Wanders, Liquidity Lags
The recent decline in Bitcoin’s fortunes, mingled with the chills of diminishing euphoria around AI and tech stocks, mirrors a broader cooling of risk assets. The electronic coins slipped nearly 3% to a level near $103,000, only having soared briefly to $107,000 earlier, much like a captive bird longing for the warmth of the sun, only to slip back into its cage.
Market analyzers at CoinSwitch have pinpointed the dusty trail of ‘support’ between $100,000 and $102,000, while resistance hovers like a hawk around $110,000. The conduits of liquidity, once flowing like the mighty river Volga, now resemble more a stagnant pool. The market indicators at Wintermute show that stablecoins, ETFs, and even the treasuries so full of digital assets have reached a plateau. Liquidities, akin to dried river beds, may spur increased volatility just as expectant traders begin to cautionarily unwind positions. Ethereum, akin to a neighboring town affected slyly by the colder winds of trade, fell by over 3.5% to a modest $3,432. Major altcoins such as Solana, Cardano, and Hyperliquid even more pointedly felt the bite of the financial wintertide, trailing losses surpassing 8% and dragging the grand sum of the crypto market capitalization down by 0.6% to $3.52 trillion.
Institutional Embrace Heats Up Although Short-term Chills Loom
Despite these minor shivers, Morgan Stanley maintains an optimistic outlook, espousing the view that Bitcoin will continue to lay its head on the cushioned comfort of “the digital gold” mantle, its stature reminiscent of past relics that held form against inflationary seasons. In the tradition of all great orators, Michael Cyprys, head of United States brokers and asset managers research at this colossal firm, proclaims with the confidence of an elder, “Institutional investors increasingly view Bitcoin as digital gold and a hedge against inflation.”
The newly crowned stars of the financial night sky, Spot Bitcoin ETFs, now hold over $137 billion, while Ethereum ETFs toast with a handsome $22.4 billion. The numbers, as per SoSoValue’s meticulous counting, stand as proof of Bitcoin’s ensconcing role in the architecture of modern trade. New ventures, such as the ambitious London BTC Company Limited, begin their trek across the North American plains, fervently entwining renewable resources to kindle the ever-burning fires of mining-stoking the embers of a gradually maturing cryptocurrency industry, even as the short-term consumer sentiment shifts towards the cold.
Thus, the message from Morgan Stanley, stern as an inventory inspector from the Ministry, defies resistance: The “fall season” of Bitcoin is upon us. It is a time-a brilliant opportunity-for investors to seek shelter and secure their gains before the tides of volatility or perhaps the never-ending narrative of history spins once again. 🍂📉✨
Cover image from a friendly wizard at ChatGPT, BTCUSD chart courtesy of trading instruments at Tradingview.
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2025-11-13 08:14