Yup all good for us and bad for big boys, those with 200K+ bitcoins when price increases $1 they earn $200K profit potentially, when price drops $5 they are losing $1M potentially, it is indeed very hard to imagine the feelings of such a whale when price drops $200/ $400 then he/she will eat up himself/herself to the bone because of the potential loss of $40M/$80M that is a huge difference when you think about it.
Yes, but they already watched their net worth rise in the 7 or 8 digits of profit. If they aren't selling now, it's because they see this as fluctuation, and are looking further ahead. On a side note, there aren't many 200k+ holders.