The correction went lower than i expected and even went down as low as 6K. Right now BTC price is going up BUT, be cautious!
I personally think there are still a few dips before it can really go full time (chech the which does say its being overbought). see the above chart. In line with my previous idea, I'm still eyeing middle of feb to be the month where we all can sit happily watching the btc price continue to grow. The might take some time for it to beat the all time high of 20K. I dont expect it to reach that end of feb but probably Late march or early April.
And btw - market cap to inflows are the lowest I could think of, in any market is in crypto. Real cash there is 6-8B$, and market cap is 40-80x more. Even when there was less cash, whole crypto scene was less volatile (yes I remember 2015-16), it was just normal, with sometimes bigger swings. But now? It's a shitshow. Any trader can lose here big, if he isn't insider. And imo insiders and some funds are playing with public right now, slowly exitting their positions from december/january, making it even more volatile than it was. But maybe other funds are replacing them? I don't know and don't have a clue. But there is some bigger play going behind the scenes, and whole bull market in this year was more forced, than organical. I can post where with exact dates, where everything started out (and probably some of those entities were accumulating these assets for some time).