BlockBeats News, June 25th. The founder of Leviathan Mining Pool, Jiang Zhuo'er, stated in a post that the current mNAV of the Strategy has dropped to 0.72, approaching the previous low of 0.7 set in May 2022 during the last bear market. Considering recent market sentiment events such as the STRC deviating from its peg, it is now judged to be in the bottom zone of this cycle's mNAV.

mNAV typically leads the BTC price bottom by about 6 months. Based on the "four-year cycle" and a model of decreasing volatility, the current Bitcoin bear market is expected to bottom out between October and December 2026, in a target price range of $42,000 to $44,000.

Jiang Zhuo'er stated that his recent short-to-medium-term strategy still focuses on selling spot and shorting, with plans to switch to buying spot and longing after the expected bottom is reached.