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If I do understand the debate here it's about bitcoin holders getting in a hurry to sell their BTC within the time of just approaching the bullrun after the halving would have occurred and this will in turn affect bitcoin price due to the sells. If that's the debate then am not sure such rush-sells will be happening too soon not even at a $100k price. If you look at all the predictions that have been made about the new ATH the bitcoiners are expecting from this circle bull run sue to the approval of the bitcoin ETF spot approval the predictions has been high above even $120k for an ATH. Therefore even at 100k we will still have a large number of holders (both small and big bag holders) still holding strongly with more highs in expectations. So I don't believe there will be any much of a premature sells as bitcoin keep making new highs after the halving.
Just my opinion.
I did not consider myself to be debating, since guys can do whatever they like in terms of trying to figure out if BTC prices are toppy or if they believe that it is to their advantage to sell large parts of their BTC.
As you seem to suggest, there are a large number of bitcoin HODLers who are not planning to sell their BTC at prices less than $120k, yet I have my doubts that BTC prices go down because a bunch of normies starting to sell their BTC in any kind of organic way.. . .
Largely what seems to happen is that the price goes up and continues to go up until there is no longer enough buying support to keep it going up, so yeah there will be various points along the way that some longer term BTC holders are going to sell their coins.. Some BTC HODLers have various sell points pre-planned and others may well just go with the flow, so I doubt it is fair to try to overly suggest any kind of specific buyer and/or seller - even though overall the BTC price does end up moving around based on the aggregate of all kinds of buys and sells and even sometimes the extent to which coins are really being traded or if there might be some fake sales of coins, which seems to have had been the case with FTX not having bitcoin that they claim to have, but the bitcoin were still circulating in the economy in various ways so FTX was not the ONLY entity that did not have the number of coins it claimed to have.. yet still who knows if that non-existence of coins ended up contributing to BTC price dynamics in 2021 and 2022. and perhaps still having some fall out effects into 2023 and 2024... but still just one of many factors.