Jan3 CEO Samson Mow argued that the local bearish trend in Bitcoin has ended and reached the bottom of the current cycle. According to Mow, the main factor keeping the market afloat at this stage was the intense limit buy orders accumulated at the level of $ 58,000. Jan3 stands out as a company known for its Bitcoin-focused infrastructure and adoption initiatives.
Why did the 58 thousand dollar level stand out?
Mow based his optimistic view on Bitcoin renewing its all-time high 37 days before the halving this cycle. According to him, this development weakened the classical market patterns inferred from previous cycles and showed that Bitcoin cycles were permanently accelerating.
In this context, he claimed that analyzes expecting a deeper surrender process within the next four months were no longer valid. Mow thinks that calculations based on past cycle behavior are inadequate to explain the current market structure.
Samson Mow argued that Bitcoin’s record breaking before the halving disrupted old cycle models, so scenarios expecting a sharp collapse in the coming months no longer carry the same weight.
Harsh criticism of technical analysis
Mow also took direct aim at defenders of traditional technical analysis. He stated that the claim that the charts show the future perfectly contradicts investor behavior, and that in such a case, it would be enough for analysts to sell at the peak and wait for the bottom, and there would be no need to constantly produce new lines.
According to him, the classical chart reading has moved away from the real dynamics of the market in current conditions. Mow emphasized that the main factor explaining the price movement is direct liquidity distribution and order density, rather than formations.
How did the buy wall respond to selling pressure?
Mow stated that the main reason for the stabilization in Bitcoin is the large buy-side liquidity around $ 58,000. He stated that the dense limit orders accumulated at this level absorbed the selling pressure and prevented a harsher pullback.
Arguing that the successful protection of purchases in this region clarified the formation of a local bottom, Mow claimed that the window of opportunity for investors waiting for entry at lower levels was largely closed.
He also touched upon the Strategy and Tether debate
Mow also evaluated the recent criticism against large corporate players. He said that the criticism around Strategy has turned into a new version of the fear and uncertainty campaigns directed against Tether in the past.
He pointed to Tether’s first quarter 2026 results to support this view. The company’s net profit was announced as 1.04 billion dollars and its total assets were announced as 191.77 billion dollars. Mow stated that these data invalidate the claims that the market is being tried to be weakened by coordinated pressures.
Mow stated that the criticism against Strategy resembles a new wave of Tether fear, and that Tether’s $1.04 billion net profit and $191.77 billion asset size announced in the first quarter of 2026 weaken these discourses.
