Jiang Zhuoer: This round of Bitcoin bear market may bottom in Q4, target range $42,000 to $44,000

CoinFeed June 25 news, Litecoin mining pool founder Jiang Zhuoer published a statement saying that the current mNAV of Strategy has fallen to 0.72, close to the 0.7 low set in May 2022 during the previous bear market. Combined with recent market sentiment events such as STRC depegging, it is judged that we are currently in the bottom area of mNAV for this cycle. mNAV often leads BTC price bottoming by about 6 months, and based on the 'four-year cycle' and volatility decay model, it is estimated that this round of Bitcoin bear market may bottom between October and December 2026, with a target price range of $42,000 to $44,000. Jiang Zhuoer also said that his recent short-to-medium-term strategy remains mainly selling spot and shorting, and will switch to buying spot and going long after the expected bottom arrives.