On June 25, the founder of the Litebit mining pool, Jiang Zhuoer, stated that the current mNAV of the Strategy has dropped to 0.72, close to the 0.7 low set during the last bear market in May 2022. Considering recent events like the STRC decoupling and other market sentiment indicators, we can determine that we are currently at the bottom region of the mNAV for this cycle.
mNAV usually leads BTC prices to hit bottom about 6 months later, and based on the 'four-year cycle' and decreasing volatility models, this round of the Bitcoin bear market may bottom out between October and December 2026, with a target price range of $42,000 to $44,000.
Jiang Zhuoer indicated that his recent short to mid-term strategy primarily focuses on selling spot and going short, planning to switch to buying spot and going long once the expected bottom arrives.
mNAV usually leads BTC prices to hit bottom about 6 months later, and based on the 'four-year cycle' and decreasing volatility models, this round of the Bitcoin bear market may bottom out between October and December 2026, with a target price range of $42,000 to $44,000.
Jiang Zhuoer indicated that his recent short to mid-term strategy primarily focuses on selling spot and going short, planning to switch to buying spot and going long once the expected bottom arrives.