Definitely more of a correction, if that. I prefer to think of it like crashing through a barrier: the 10k barrier.
It wasn't smooth, and many people decided to count their winnings, while many more decided it was a good time to invest in this highly profitable and new market.
As such, we managed to hit 10k not just once, not twice, but around three times!
I suppose in many ways, we are lucky to see such an event.