21Shares: Bitcoin fundamentals are strong, and a deep correction is unlikely in the short term

21Shares strategist Matt Mena said that due to structural imbalances in supply and demand, a long-term correction in Bitcoin is "increasingly unlikely" in the short term. Currently, the $BTC supply on exchanges and OTC desks is at a historical low, while ETF and institutional continuous accumulation are driving the upward momentum. In addition, Bitcoin has hit a new all-time high during the summer liquidity trough, reflecting strong fundamentals. Mena warned that if Trump's tariffs or the Fed's policies exceed expectations, it may pose a macro risk to Bitcoin. (Cointelegraph) [Odaily Planet Daily News]