21Shares: Bitcoin fundamentals are strong, and it is difficult to see a deep correction in the short term
By: odaily.com|2025/07/16 11:31:38
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Odaily News Matt Mena, strategist at 21Shares, said that due to the structural imbalance between supply and demand, it is increasingly unlikely that Bitcoin will experience a long-term correction in the short term. Currently, the supply of BTC in exchanges and OTCs is at a historical low, while ETFs and institutions continue to accumulate funds to drive the upward momentum. In addition, Bitcoin has hit a record high during the summer liquidity trough, reflecting strong fundamentals. Mena warned that if Trumps tariffs or Fed policies exceed expectations, it may pose a macro risk to Bitcoin. (Cointelegraph)
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