Boss Jiang’s prediction is brutal enough—if the bottom is at $42,000, then we’d still need another cut in half from here. An mNAV of 0.72 does look familiar, but last time MSTR hit bottom, BTC continued to drop for another six months before it truly found a bottom. This time, will history rhyme again—or will we have to put a question mark on it?

Wu Says learned that Jiang Zhuoer, founder of Lubit Mining Pool, predicted that the current BTC bear market may bottom out between October and December 2026, with a price range of approximately $42k to $44k. He believes that MSTR's mNAV has dropped to 0.72, close to the low of 0.7 during the previous bull-bear transition in May 2022, and combined with recent events such as STRC's significant depegging, this indicates that market pessimism toward MSTR may have entered an extreme zone for this cycle. Jiang Zhuoer stated that the bottom of mNAV usually does not coincide with the bottom of BTC prices. In the previous cycle, when MSTR's mNAV bottomed in May 2022, BTC was around $31,017, but BTC ultimately fell to $15,476 about six months later in November 2022. Because