Folks, let's talk about a key prediction today.

One of China's most well-known Bitcoin miners, Jiang Zhuo'er, published a post, directly giving the time and price of the bear market bottom.

His core view: this bear market's bottom is likely between October and December 2026, with a price range of $42,000 to $44,000.

The basis is that MSTR's mNAV has dropped to 0.72, close to the 0.7 level at the bear market bottom in May 2022. But he emphasizes a key point: mNAV bottom ≠ BTC bottom.

Looking back at the previous cycle, mNAV bottomed in May 2022, while BTC didn't truly bottom until six months later in November 2022. In other words, MSTR's sentiment bottom arrives before Bitcoin's price bottom.

So the current market sentiment is indeed very pessimistic, but Bitcoin may need to linger for a while longer.

He speculates that this bear market may end by December 2026 at the latest. As for whether it will actually reach $42,000-$44,000, we'll see.

But at least it shows one thing: the real bottom often doesn't come when everyone is panicking, but after the panic, when people have completely stopped discussing "when will it bottom out."