Samson Mow, CEO of Jan3, has firmly declared that Bitcoin‘s recent market correction has come to a halt, marking the onset of a new cycle. The decisive factor, he notes, is the robust cluster of buy limit orders situated at the $58,000 mark. Jan3 is renowned for its extensive contributions to the global Bitcoin infrastructure and adoption efforts.
What Makes $58,000 a Pivotal Point?
According to Mow, Bitcoin reached a record high just 37 days before the latest halving event, which deviated from established market patterns seen in past cycles. This occurrence suggests a lasting shift in Bitcoin’s cycle dynamics. As such, predictions of a possible downturn over the next few months are losing traction. The reliance on historical cycle patterns is now seen as outdated, failing to grasp today’s market complexities.
Samson Mow stated that because Bitcoin broke its all-time high before the halving, old cycle models are now obsolete, and scenarios predicting a sharp selloff in the coming months no longer carry the same weight.
Can Technical Analysis Be Replaced?
Dismissing traditional technical analysis, Mow argues that the belief in charts as tools for forecasting market changes contradicts actual market behavior. In a perfect scenario, these charts would allow traders to buy low and sell high effortlessly, which conflicts with the need for continual analysis.
Mow underscores that real market forces, notably the distribution of buy and sell orders, currently shape prices more than chart-based predictions. Liquidity zones, rather than patterns, define price stability and shifts.
Did a Buy Wall Prevent Further Losses?
He attributes Bitcoin’s recent stability to the substantial buy-side liquidity pool near $58,000. This concentration of buy orders effectively cushioned against potential declines. Mow stresses that this robust support has established a clear bottom for Bitcoin, suggesting that potential buyers expecting a lower entry point might have missed their chance.
Addressing Strategy and Tether Concerns?
Mow responded to recent skepticism targeting major institutional players like Strategy. He likens this to previous fear campaigns aimed at Tether. Highlighting the positivity in Tether’s Q1 2026 results, with a net profit of $1.04 billion and total assets of $191.77 billion, Mow argues these concerns lack substance. These solid financials negate the fears of weakening market confidence in major players.
Mow asserted that the criticisms leveled at Strategy resemble a new wave of Tether fear mongering, but that Tether’s reported $1.04 billion net profit and $191.77 billion in assets for Q1 2026 weaken these narratives.
- Robust buy orders around $58,000 have established Bitcoin’s recent market bottom.
- Mow challenges the credibility of traditional technical analysis in today’s market environment.
- Positive Tether financials counteract fear, uncertainty, and doubt (FUD) in the market.
Samson Mow’s insights suggest a significant shift in how market dynamics and trading strategies are perceived. As the traditional methods of analysis come under question, liquidity and buy pressure are emphasized as central to understanding future market trends.
