[Jiang Zhuoer: This Bitcoin Bear Market May Bottom Out in Q4 2026, Target Range $42,000 to $44,000] BlockBeats News, June 25: Jiang Zhuoer, founder of BTC.TOP mining pool, stated in a post that the current Strategy's mNAV has dropped to 0.72, approaching the previous bear market low of 0.7 recorded in May 2022. Based on recent market sentiment events such as the STRC depegging, it is judged that the mNAV is currently in the bottom region of this cycle. mNAV often leads BTC price bottoms by approximately six months. Using the "four-year cycle" and volatility reduction model for calculations, this Bitcoin bear market may bottom out between October and December 2026, with a target price range of $42,000 to $44,000. Jiang Zhuoer stated that his recent short- to medium-term strategy remains focused on selling spot positions and shorting, switching to buying spot positions and going long once the anticipated bottom arrives. [Original Link]