What Does MicroStrategy Data Reveal? Famous Miner Predicts 2026 Year-End ‘Bottom’ Scenario for Bitcoin
Jiang Zhuoer, one of China’s most prominent Bitcoin miners, predicted that the leading cryptocurrency will see its next bear market bottom between $42,000 and $44,000 in the final quarter of 2026.
While cyclical movements in the cryptocurrency world are closely followed by investors, a new prediction has come from one of the industry’s significant figures. Chinese miner Jiang Zhuoer shared a comprehensive analysis regarding the future trajectory of the Bitcoin (BTC) price. Using MicroStrategy data, which is considered an indicator of institutional interest, Zhuoer pointed to the date and price range when the market will reach its lowest level.
The most critical data point highlighted in Zhuoer’s analysis was MicroStrategy’s mNAV value. This value represents the ratio of the company’s stock price to the Bitcoin value per share and reflects the sentiment of funds on U.S. stock exchanges. Currently dropping to the 0.72 level, this ratio indicates investor pessimism and that the asset is undervalued. The fact that it has come very close to the 0.7 bottom seen in May 2022 proves that market sentiment is at a critical threshold.
2026 Bear Market Prediction for Bitcoin
According to the analyst, the mNAV value hitting a bottom does not mean the Bitcoin (BTC) price reaches its lowest level at that exact moment. Examining past cycles shows that the actual bottom for the Bitcoin price is reached approximately six months after the mNAV ratio bottoms out. For instance, while mNAV hit its lowest point in May 2022, Bitcoin reached its actual bottom in November at $15,476. Based on this historical data, Zhuoer expects the bear market bottom in the current cycle to occur between October and December 2026.
Zhuoer uses a mathematical model based on the principle that the bounce intensity of a ball falling to the ground decreases each time. This model assumes that as Bitcoin’s total market capitalization increases, price volatility decreases. Accordingly, it is predicted that the Bitcoin price could bottom out at around $44,016 on October 31, 2026. Stating that the model’s accuracy regarding timing is higher than the price prediction, the analyst warns investors about the long-term cycle.