Morgan Stanley's wealth management team recommends profit-taking on Bitcoin, saying the asset is entering a historical “fall season” that often precedes a crypto winter. Investment strategist Denny Galindo framed the guidance as a risk-management signal for clients.
Morgan Stanley warned on Nov. 12, 2025 that Bitcoin has entered a “fall season” and recommended investors take profits ahead of a potential crypto winter. The note signals caution from a leading institutional bank as macro and market risks rise.