Bitcoin's fundamentals remain robust, making a significant short-term correction unlikely, according to Matt Mena, strategist at 21Shares. Mena attributes this to a structural supply-demand imbalance, with Bitcoin supply on exchanges and OTC platforms at historic lows. Meanwhile, ETFs and institutional investors continue to accumulate Bitcoin, bolstering its upward momentum. Despite the summer liquidity trough, Bitcoin has reached record highs, underscoring its strong fundamentals. However, Mena cautions that unexpected changes in tariffs or Federal Reserve policies could introduce macroeconomic risks to Bitcoin's trajectory.