Svmuu News: Jiang Zhuo'er, founder of the Laibit mining pool, posted on X stating that he predicts this BTC bear market will bottom out on October 31, 2026, at $44,016. Based on the pattern that mNAV typically bottoms out six months ahead of the spot price, he revised the bottoming-out timeframe to October through December 2026, with the price range expected to be between $42,000 and $44,000.
Jiang Zhuoer pointed out that MSTR’s mNAV (the ratio of stock price to value per share including BTC) has fallen to 0.72, approaching the low of 0.7 reached on May 11, 2022, during the previous bull market. Based on recent market sentiment events, such as the significant de-pegging of STRC, this can currently be predicted to be the lowest mNAV range for this cycle. However, the lowest mNAV does not necessarily coincide with the lowest BTC price. during the previous cycle, when mNAV bottomed at 0.7 on May 11, 2022, the BTC price was $31,017, while BTC bottomed at $15,476 on November 21, 2022, at which point mNAV stood at 1.2—a span of six months between the two events.