There are two distinct chapters in this Bitcoin bear market: 1. MSTR > 1mNAV 2. MSTR <1mNAV We're now entering the final, second half of this bear market. The fear and/or reality of Saylor selling a much more considerable amount of BTC should lead to a much more durable bottom in Q4.
@max_bronstein·Jul 16, 2026·2 sources·neutral
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The article describes two phases of the Bitcoin bear market based on MicroStrategy's NAV status and predicts a durable bottom in Q4 following potential BTC sales by Saylor.
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There are two distinct chapters in this Bitcoin bear market: 1. MSTR > 1mNAV 2. MSTR <1mNAV We're now entering the final, second half of this bear market. The fear and/or reality of Saylor selling a much more considerable amount of BTC should lead to a much more durable bottom in Q4.
@max_bronstein
Jul 16, 2026
There are two distinct chapters in this Bitcoin bear market: 1. MSTR > 1 mNAV 2. MSTR <1 mNAV We're now entering the final, second half of this bear market. The fear and/or reality of Saylor selling a much more considerable amount of BTC should lead to a much more durable bottom in Q4.
@max_bronstein
Jul 16, 2026