The correction is yet to come, it's inevitable. The Bitcoin market cap is too big at the moment to hold still just because of Tesla's and some other companies' investments. However, this year the bull run wasn't caused as much by market manipulation as it was back in 2018, so I think we might expect some smaller corrections.
Although, if you look at the all-time BTC price chart, the exponential-like growth since Sep 2020 does look concerning and suggests we should be expecting the bear market soon, so it really is hard to tell right now what will follow.
And to some extent this also depends on the psychological impact the new institutional investors might have on the cryptocurrency space, if the result is negative that would probably be to bring back the bear market, if positive we can expect further investment into the blockchain space and make the cryto asset go higher.
Also, there is a second indicator that has caused me to question the case for a coming bear market in BTC, which is the recent shift in the macro-economic environment.