Chinese mining figure Jiang Zhuoer has warned that Bitcoin’s bear market may not be over yet — and that a final bottom could arrive as late as late 2026 in the $42,000–$44,000 range. What he’s saying - This isn’t a short-term trade call. Jiang frames the view as a cycle forecast based on market valuation, miner-cycle experience and a key measure of a listed company’s Bitcoin exposure: Strategy’s Bitcoin-linked premium and its mNAV falling to 0.72. - In his framework, the premium that investors pay for indirect, corporate exposure to BTC could compress before spot Bitcoin finds its low. Because Strategy has become a prominent public proxy for BTC, some analysts now watch its equity premium as an indicator of speculative appetite. Why it matters - The $42k–$44k zone implies further downside from current levels and would likely require prolonged weakness in risk assets, weak institutional flows or tighter leverage conditions — a scenario uncomfortable for bulls but useful for risk planning. - If the premium for leveraged corporate BTC exposure collapses, it may signal investors no longer want to pay up for indirect Bitcoin exposure — a sign of faded risk appetite that could precede a deeper spot sell-off. How to read the call - Treat it as a scenario, not a certainty. Cycle timing is notoriously difficult, particularly in an era shaped by ETF flows, macro liquidity and corporate treasury demand. - Nevertheless, downside targets from experienced industry participants help traders frame risk and avoid assuming every dip is a bottom. Broader context - Several cycle models are being tested right now. ETF inflows, corporate Bitcoin holdings and macro conditions have shifted market dynamics since previous miner-led cycles, so older frameworks may not map perfectly onto today’s market. - Miner perspectives remain valuable because they emphasize cost structures, stress and capitulation dynamics rather than short-term sentiment. If BTC heads toward Jiang’s range, traders will likely revisit his framework in the bottoming debate. Bottom line - If Bitcoin struggles to reclaim major resistance levels and institutional flows remain weak, the $42k–$44k range could become a debated support zone. If demand returns and BTC recovers, Jiang’s bearish scenario may simply serve as a reminder of one risk path that didn’t play out. Source: Jiang Zhuoer on Weibo. Article by the News Desk; edited by Samuel Rae.
Miner Jiang Zhuoer Predicts Bitcoin Bottom at $42K–$44K by Late 2026
ChainGPTShare
Summary
Jiang Zhuoer, a prominent Bitcoin miner, predicts a final bottom of $42,000–$44,000 by late 2026, citing valuation and miner-cycle trends. He notes the Strategy premium has fallen to 0.72, signaling weak risk appetite. A drop in leveraged BTC exposure could precede a deeper sell-off. Investors using value investing in crypto may find support and resistance levels critical for long-term positioning.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.