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Analysis: Bitcoin Fundamentals Strong, Deep Correction Unlikely in Short Term
Summary: According to sources, 21Shares strategist Matt Mena stated that due to structural imbalances in supply and demand, a deep correction in Bitcoin is becoming 'increasingly unlikely' in the short term. Currently, BTC supply on exchanges and OTC markets is at historic lows, while ETFs and institutional investors continue to drive upward momentum. Additionally, Bitcoin has ...
According to sources, 21Shares strategist Matt Mena stated that due to structural imbalances in supply and demand, a deep correction in Bitcoin is becoming 'increasingly unlikely' in the short term. Currently, BTC supply on exchanges and OTC markets is at historic lows, while ETFs and institutional investors continue to drive upward momentum. Additionally, Bitcoin has hit a historical high during the summer liquidity slump, reflecting strong fundamentals. Mena warned of potential macro risks if Trump's tariffs or Fed policies exceed expectations, posing a threat to Bitcoin.
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Link: Analysis: Bitcoin Fundamentals Strong, Deep Correction Unlikely in Short Term [Copy]
