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Not everyone wants to sell at $100K, but most people will sell at $100K. There are 800 Bitcoins that people want to sell in Binance, we still didn't count Coinbase, Bybit, Kucoin etc. So, people are not only just celebrating when Bitcoin price hit six figure, but that's also an exit point for some people.
You're right, some investors have made $100k their exit point for a while before they reinvest. Not all of them will sell at $100k, but we can find one fact that $100k is the target that drives some investors out of the market. If $100k is broken this year, then there is high hope for higher prices in 2025. This is obviously not certain, but based on my personal belief then the bullish peak will be in 2025.