Aggressive buying occurs after BTC plunge... $60,000 support holds. It was a positive correction.

As Singapore-based crypto trading firm QCP Capital notes, "BTC plunged sharply after hitting a new all-time high, with over $1 billion in longs liquidated on Binance alone. The $60,000 support level proved to be solid as aggressive buying came in. We see this pullback as a good opportunity to buy BTC and ETH call options for the September and December expirations.

Meanwhile, the correction is a very positive sign for bitcoin. The previous day, the percentage of BTC supply lost was 0.04%. This correction will increase that percentage, which is a very good thing. Historically, bitcoin has gone up and down for a period of time before reaching a peak. We are now past that point, and while we will continue to see wild price swings for a while, the overall trend will be positive.