{"id":32974,"date":"2026-06-25T05:14:34","date_gmt":"2026-06-25T05:14:34","guid":{"rendered":"https:\/\/bitunikey.com\/news\/top-chinese-bitcoin-miner-sees-btc-bottom-at-42k-44k-in-late-2026\/"},"modified":"2026-06-25T05:14:43","modified_gmt":"2026-06-25T05:14:43","slug":"top-chinese-bitcoin-miner-sees-btc-bottom-at-42k-44k-in-late-2026","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/top-chinese-bitcoin-miner-sees-btc-bottom-at-42k-44k-in-late-2026\/","title":{"rendered":"Top Chinese Bitcoin miner sees BTC bottom at $42k-$44k in late 2026"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Jiang Zhuoer, one of China\u2019s best-known Bitcoin miners, said Bitcoin may reach its bear-market bottom between October and December 2026.\u00a0<\/p>\n<div id=\"cn-block-summary-block_e612166adaabefe94729e471309254ef\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Jiang\u2019s forecast links Bitcoin\u2019s next major low to Strategy\u2019s depressed mNAV and weaker market sentiment.<\/li>\n<li>His model places BTC\u2019s possible bottom between October and December 2026, near $42,000 to $44,000.<\/li>\n<li>The call arrives as Bitcoin retests support and Strategy shares trade under renewed pressure again.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>He placed the possible BTC bottom price between $42,000 and $44,000, based on a long-term cycle model and Strategy\u2019s falling mNAV.<\/p>\n<p>In a <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/Jiangzhuoer2\/status\/2069859549818019872?s=20\" target=\"_blank\" rel=\"nofollow\">post on X<\/a>, Jiang said Strategy\u2019s 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. He described the current area as a possible low zone for mNAV, not a confirmed low for Bitcoin.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Jiang also linked the reading to recent stress around Strategy-linked sentiment, including the de-anchoring of STRC. He said the setup could support long MSTR and short BTC arbitrage trades for some market participants. The comment centered on timing, not a near-term bullish Bitcoin call.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Source: X<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\"><strong>mNAV model drives the forecast<\/strong><\/h2>\n<p>Jiang used mNAV, or market net asset value, to compare Strategy\u2019s stock price with the value of Bitcoin backing each share. A reading above 1 can show a premium, while a reading below 1 can show weak market demand for the stock relative to its Bitcoin holdings.<\/p>\n<p>He said the last cycle showed a gap between the mNAV low and the BTC price low. Strategy\u2019s mNAV bottomed in May 2022 when Bitcoin traded near $31,017. Bitcoin then reached its cycle low near $15,476 on Nov. 21, 2022, about six months later.<\/p>\n<p>Jiang said his model points to Oct. 31, 2026, for a possible bear-market low near $44,016. He added that the model\u2019s timing record is stronger than its price record. His wider range puts the possible bottom at \u201c$42,000 to $44,000.\u201d<\/p>\n<h2 class=\"wp-block-heading\"><strong>Market stress adds context<\/strong><\/h2>\n<p>The call comes as Bitcoin trades under renewed pressure after losing major support levels in June. As crypto.news reported, Bitcoin fell below $60,000 for a second time this month, triggering more than $850 million in crypto liquidations.<\/p>\n<p>The selloff also hit Strategy shares, which fell sharply as investors reduced exposure to crypto-linked equities. In a previous article, crypto.news discussed how Strategy\u2019s NAV premium had already dropped as interest in Bitcoin treasury stocks weakened.<\/p>\n<p>Previously, crypto.news explored bear-market targets for Bitcoin as analysts watched the $60,000 to $62,000 zone. That report said some forecasts had moved toward $50,000, $45,000, and $40,000 before 2027, while stressing that no model can confirm a future low.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Forecast remains only a model<\/strong><\/h2>\n<p>Jiang\u2019s prediction remains a market view, not a confirmed outcome. Bitcoin can move on liquidity, ETF flows, interest-rate expectations, exchange leverage, and macro events. These factors can change the timing and depth of any drawdown.<\/p>\n<p>Jiang said he had recently sold spot holdings and taken short positions for mid- to short-term trades. He said he would start buying spot again near the projected bottom. The forecast gives traders one cycle-based view to track, but Bitcoin\u2019s path will depend on market data in the months ahead.<\/p>\n<p>The main test will be whether Strategy\u2019s mNAV continues to lead Bitcoin price action, as Jiang suggests. Traders will also watch whether BTC holds current support or moves closer to deeper bear-market targets before 2027. Any break in the model would weaken the forecast and shift attention back to spot demand.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Jiang Zhuoer, one of China\u2019s best-known Bitcoin miners, said Bitcoin may reach its bear-market bottom between October and December 2026.\u00a0 Summary Jiang\u2019s forecast links Bitcoin\u2019s next major low to Strategy\u2019s&hellip;<\/p>\n","protected":false},"author":1,"featured_media":32975,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-32974","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/32974","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=32974"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/32974\/revisions"}],"predecessor-version":[{"id":32976,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/32974\/revisions\/32976"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/32975"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=32974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=32974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=32974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}