As this run is not driven by retail investors I think there won't be as brutal of a shakeout. As long as demand from big investors remain big, the small fish that get scared will hardly dent the buying pressure.
Some corrections will be inevitable, but currently the inflow of cash is just so big that it may not be as panicky as we have seen in the past.
They have to play smart in order to gain the best, highest profits as much as possible, if they are buying it for the long-term when the time comes, bitcoin price may crash up to 50%. Bitcoin has been entering a new bull-run mode, very likely to hit a new all-time high, probably $30k or $50k in mid-2021. Nevertheless, a good point to hold bitcoin as long as possible, give the time for institutional investors to invest huge money into bitcoin and be ready to cash out before the main correction occurs.