Analysis: BTC fundamentals are strong, and a deep correction is unlikely in the short term

ChainCatcher news, according to Cointelegraph, 21Shares strategist Matt Mena stated that due to structural imbalances in supply and demand, it is "increasingly unlikely" for Bitcoin to experience a long-term pullback in the short term. Currently, the BTC supply on exchanges and OTC is at a historical low, while ETFs and institutions continue to accumulate, driving upward momentum.

Moreover, Bitcoin has reached an all-time high during the summer liquidity lull, reflecting strong fundamentals. Mena warned that if Trump's tariffs or Federal Reserve policies exceed expectations, it could pose macro risks to Bitcoin.