Jan3 CEO Mow said $BTC bottomed at $58,000 as buy orders absorbed selling pressure

Samson Mow, the CEO of Jan3, claims that Bitcoin‘s recent local downtrend has ended and that the asset has reached a cycle bottom. According to Mow, the key factor supporting the current market is the cluster of strong buy limit orders around $58,000. Jan3 is widely recognized for its initiatives aimed at Bitcoin infrastructure and adoption across the globe.

Why is the $58,000 level significant?

Mow bases his optimistic outlook on the fact that Bitcoin set a new all-time high 37 days before the recent halving. In his view, this occurrence disrupted classic market patterns observed in previous cycles and signaled a permanent acceleration in Bitcoin’s cycle dynamics.

He argues that, in this context, analysis projecting a deeper capitulation within the next four months have lost credibility. Mow believes that relying on past cycle behaviors fails to account for the realities of the current market structure.

A sharp critique of technical analysis

Mow also takes aim at proponents of traditional technical analysis. He argues that the claim—that charts can perfectly predict the future—contradicts real investor behavior. If such forecasting were possible, analysts could simply sell at the top and wait for the bottom, eliminating the need for constant new chart patterns.

In his view, classic chart reading has become detached from the market’s real dynamics in current conditions. Mow emphasizes that liquidity distribution and the clustering of buy and sell orders play a much larger role in price formation than technical formations or chart patterns.

How did the buy wall offset selling pressure?

Mow argues that the primary reason for Bitcoin’s recent stability is the large pool of buy-side liquidity around $58,000. He explains that the concentrated limit buy orders at this level absorbed selling pressure, thus preventing a steeper decline.

He maintains that the successful defense of this price zone has clearly established a local bottom for Bitcoin. For those investors waiting to enter at lower levels, Mow suggests that their window of opportunity has now largely closed.

Strategy and the Tether debate addressed

Mow also commented on the latest criticisms aimed at major institutional players. He noted that recent skepticism directed at Strategy is a new version of the fear, uncertainty, and doubt (FUD) campaigns that once targeted Tether.

Backing his view, Mow pointed to Tether’s first quarter 2026 results, which showed a net profit of $1.04 billion and total assets of $191.77 billion. In Mow’s assessment, these figures undermine claims that coordinated market pressures are weakening the company or the broader ecosystem.

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