Jiang Zhuo'er, founder of Leibit Mining Pool, stated that the current mNAV of Strategy has fallen to 0.72, close to the low point of 0.7 in May 2022, and is currently at the bottom of this cycle's mNAV. Based on the mNAV leading BTC price bottoming out for about 6 months and the decreasing volatility model, it is estimated that this Bitcoin bear market may bottom out from October to December 2026, with a target price range of $42000 to $44000. Jiang Zhuo'er's short-term strategy is to sell existing stocks and short them, and then switch to buying spot stocks and going long after the expected bottom arrives.
