Bitcoin correction increasingly unlikely according to 21Shares

The chance of a long -term correction for Bitcoin (BTC), according to analysts from 21Shares, the world’s largest publisher of Crypto ETFs, is smaller by the day. A structural imbalance between supply and demand ensures that the price remains under solid fundamental support.

Demand rises, supply dries up

According to Matt Mena, Crypto strategist at 21Shares, a downward trend for Bitcoin is unlikely in the short term. He points to strong underlying factors:

“The structural imbalance between rising demand and a rapidly disappearing supply base makes a long -term correction increasingly unlikely. There are currently much more positive than negative factors.”

An important signal is the historically low range of BTC on fairs and OTC platforms. That scarcity is reinforced by the persistent purchasing pressure. Crypto fair Bitfinex, for example, reports that new buyers can buy faster than could deliver.

It is striking that the recent record highs of Bitcoin are accompanied by a relatively low interest from private investors. For example, there is very little activity in Google search assignments to ‘Bitcoin’.

On Monday, the BTC race reached a record high of more than 123,000. Yesterday the race fell under $ 116,000. In the meantime, the digital currency is again worth $ 119,000.

ETFs play dominant role

An important driver behind the current advance is the inflow into American Bitcoin ETFs. “In the first half of the year, these ETFs have already absorbed a multiple of the amount of BTC that will be minimized in the whole of 2025,” says Mena. The funds have received 4.4 billion dollars in the last 9 trading days alone. In addition, companies with large reserves in silence buy.

Although the prospects are positive, Mena warns of a possible headwind. A stricter version of Trumps import tariffs or deferred interest rates by the US Central Bank can still provide pressure on risky assets. Nevertheless, 21Shares no longer expects long -term corrections:

“As soon as summer is over and the liquidity returns, we expect that the upward force will resume. What is really remarkable is that Bitcoin will set up new record heights during the most illiquid and seasonally weak part of the year.”

According to Coinglass, the average return in Q3 is only 6.32 percent since 2013. Yet this cycle seems to break that trend.

“Summer is traditionally a period of standstill: traders are on vacation, volumes drying up, and price movements are flattened. But this cycle breaks that norm.”