Excellent post! Although three things do come to mind:
1.- if there will be an extra supply of btc, I would expect the price to go down, since the scarcity component would be decreased.
2.- as @josevas217 mentioned, all markets tend to have corrections as their natural part to “fine tune”
3.- with the almost teo trillion stimulus package authorized, there is a high sense and feeling of increased inflation on the usd, and cryptos do somewhat hedge inflation, so this could be a reason for whales to invest in Btc (or other cryptos)

Thanks @crypto.piotr , always posting interesting information!