Woofun AI notes that Jiang Zhuoer, founder and CEO of Lebiti mining pool BTC.TOP, observes MicroStrategy's mNAV has declined to 0.72, nearing the May 2022 historical low of 0.7. He highlights that mNAV bottoms typically precede BTC price lows by approximately six months, referencing the previous cycle where mNAV hit its nadir when BTC traded near $31,000, followed by a price bottom of $15,500 in November 2022.

Based on a four-year cycle and mathematical modeling, Jiang Zhuoer projects that the current BTC bear market will find its bottom between October and December this year. He estimates the price range for this bottom to be between $42,000 and $44,000.