Jiang Zhuoer, one of China’s best-known Bitcoin miners, said Bitcoin may reach its bear-market bottom between October and December 2026. He placed the possible BTC bottom price between $42,000 and $44,000, based on a long-term cycle model and Strategy’s falling mNAV. In a post on X, Jiang said Strategy’s mNAV had dropped to 0.72. He noted that the level sits close to the 0.7 mark seen on May 11, 2022, during the prior cycle shift.