Morgan Stanley Urges Bitcoin Profit-Taking as 'Fall Season' Looms
On 12 November 2025 Morgan Stanley’s wealth management team advised clients to consider taking profits on Bitcoin, with investment strategist Denny Galindo describing the market as entering a “fall season.” The bank says this is a cyclical phase that has historically come before extended periods of weakness — commonly referred to as a “crypto winter” — and presented the recommendation primarily as a risk-management measure rather than an immediate market-timing call.
The note matters because guidance from large wealth managers can influence flows and investor behavior; coordinated profit-taking could add selling pressure and lift short-term volatility for BTC. For investors the memo is a reminder to review position sizing, consider staged exits or hedges, and align actions with time horizon and risk tolerance. Traders may see increased opportunities to sell rallies or buy protection if seasonal patterns play out.