Morgan Stanley: some of bitcoin's 6 reversal signals are already present
- —From October 6, 2025 to June 30, 2026, bitcoin fell 53% versus 77-84% in past cycles
- —About 17 months remain until the next halving (2028, block 1,050,000)
- —Mining difficulty has declined, but an upward reversal has not yet followed
- —The thermocap multiple dropped to 13x according to Glassnode data as of June 30, 2026
Why it matters: The analyst stresses that the signals are not a forecast but an object of observation: several metrics aligning could point to a shift in the cycle phase.
Source: TokenPost