JPMorgan Chase: Bitcoin Has Entered the "Autumn of the Four-Year Cycle," Now Is the "Harvest Season"

On November 12th, a strategist at Morgan Stanley pointed out that the crypto market has entered the "Autumn Phase" of the Bitcoin four-year cycle and advised investors to take profits before the potential "Winter" arrives. Denny Galindo noted that historical data indicates that Bitcoin's price cycle follows a stable "three steps forward, one step back" rhythm. Galindo suggested that investors lock in profits early to prepare for a possible crypto winter. "He said, 'We are currently in the fall. Autumn is the season of harvest, the time when you should take your gains. The only question is, how long can this 'autumn' last? When does the 'winter' begin?'" This "harvesting" metaphor shows that Wall Street executives have begun to view the rhythm of the Bitcoin market through a cyclical investment framework, similar to that of commodities or liquidity-driven macro cycles.