The correction is over now. It bottomed at $30k. News of a company getting a US charter for digital currencies today plus Grayscale starting to buy again on Tuesday quickly ended the consolidation period of the correction after the drop to $30k. Bitcoin will never go below $30k now. Next stop passing $40k again and new ATHs, then $50k.

It's been reported that institutions were heavily buying the dip as retailers sold. As expected, bitcoin moving from weak hands retailers to strong hands institutions buying up for their long term stores. This correction was nothing more than a several day dip to make the charts look healthier to fuel the next surge to $50k. An article I just read said that 38% of the retail market during this dip was on the buy side, while 89% of the institutional market was on the buy side.

Some people still seem to not understand that the game has changed. Institutions have almost unlimited money relative to the retail market in bitcoin up until now. They've only just begun buying, and they are buying long term. They will keep throwing money at Bitcoin for years to come in order to build up positions to a few percent of their holdings. This is a tidal wave coming in that is going to flood the market permanently and dramatically. It's not a wave of retail frenzy that will collapse to a fraction of its size after some blow off top, it's a fundamental exponential expansion of the market. Expect billions of dollars a month of new institutional money to come in, month after month after month, for years to come.

Corrections will for the most part be short lived, just events to transfer wealth from panicky retail investors to the already wealthy institutions. Just look at this correction, suddenly many people were like oooh bull market over time to cash out or lose everything, people talking about 2018 haha...it lasted three whole days for crying out loud! And we're already back $8500 higher than the bottom of the correction and only $3500 from the ATH which was set all of like 5 or 6 days ago.

The Bitcoin market may be large now (10th largest asset in the world) compared to other single assets, and that may sound frightening because it's "too high" or whatever nonsense, but that's a bad comparison. The potential for Bitcoin is far larger than any single company stock, it's far larger than even gold. Bitcoin's potential is in the tens of trillions of dollars for market cap. At under a trillion dollars it is still tiny compared to its potential. Institutions who have done their research and are buying now understand this. Buying at $30k or $40k or whatever is an absolute steal for them and they know it, meanwhile scared retail investors drop the most valuable investment they'll ever make out of fear when it goes down for a couple days.