According to ME News, on June 25 (UTC+8), Jiang Zhuo'er, founder of BitClub Mining Pool, posted that Strategy's mNAV has fallen to 0.72, nearing the previous bear market low of 0.7 set in May 2022. Considering recent market sentiment events such as STRC's de-pegging, the current mNAV is likely in the bottom region of this cycle. Historically, mNAV tends to lead BTC price bottoms by approximately six months. Based on the "four-year cycle" and declining volatility model, this Bitcoin bear market may bottom out between October and December 2026, with a target price range of $42,000 to $44,000. Jiang Zhuo'er stated that his near- to medium-term strategy remains focused on selling spot assets and shorting, with plans to shift to buying spot and going long once the expected bottom is reached. (Source: ChainCatcher)
Jiang Zhuoer predicts the Bitcoin bear market bottom in Q4 2026 at $42,000–$44,000
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Summary
Jiang Zhuoer, founder of Lebi Mining Pool, highlighted market trends indicating that the current mNAV of the strategy has declined to 0.72, nearing the 0.7 level observed in May 2022. He noted that market cycles suggest the mNAV bottom may have been reached, with Bitcoin likely to reach a bear market low in Q4 2026 at $42,000–$44,000. STRC de-pegging and historical data support his analysis. Zhuoer remains short-term bearish but plans to transition to a long position near the anticipated bottom.
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