PANews June 25 news, Litecoin Pool founder Jiang Zhuoer posted that the current Strategy mNAV has dropped to 0.72, approaching the 0.7 low hit in May 2022 during the previous bear market. Combined with recent market sentiment events such as STRC depegging, it is judged to have entered the mNAV bottom area of this cycle. mNAV often leads BTC price bottoming by about 6 months, and based on the “four-year cycle” and diminishing volatility model estimates, this Bitcoin bear market may bottom between October and December 2026, with a target price range of $42,000 to $44,000. Jiang Zhuoer also stated that his near- to medium-term strategy remains mainly selling spot and shorting, and will switch to buying spot and going long after the expected bottom arrives.