Did Morgan Stanley Orchestrate Bitcoin October Crash? Analysts Draw Correlations

2 days ago

Morgan Stanley’s filing for a Bitcoin (BTC) and So

Did Morgan Stanley Orchestrate Bitcoin October Crash? Analysts Draw Correlations

Did Morgan Stanley Orchestrate Bitcoin October Crash? Analysts Draw Correlations

Morgan Stanley’s filing for a Bitcoin (BTC) and Solana (SOL) exchange-traded fund (ETF), coupled with MSCI’s decision to retain digital asset companies in its index, has ignited a wave of speculation among analysts. Notably, analysts from Bull Theory have alleged that these events could be indicative of a larger-scale market manipulation.

The daily chart shows BTC’s Wednesday correction toward $91,000. Source: BTCUSDT on TradingView.com

At the time of writing, BTC is trading at $91,550, having retraced 2% from the $95,000 2-month high reached at the beginning of the week. 

Featured image from DALL-E, chart from TradingView.com 

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