Everyone got excited and happy when bitcoin reached $100K, glad to see that many people took profit at that point, mostly it could be those that have a large stash of them and holding for four years or more now. That price actually looks very enticing not to take some profits. It will really benefits the long term holders more who most have made more than 100% in profits of their investment when the price got to $100K. Now, more higher price are anticipated for bitcoin, it is just a matter of time before it gets there as no one can predict actually what the next big price will be. Many who had taken profits may not be waiting for any bull run again, if it comes, fine; and if it doesn’t, they continue holding till another cycle.
In addition, those who locked in profits at Bitcoin's price of $100K or even more (I personally sold small amounts and a bit more expensive), will be able to reinvest some of their free funds in Bitcoin during the correction, or wait for a full-fledged bear cycle and then buy Bitcoin in full. And those who did not manage to record $100K profit can wait for even greater heights in the future. And perhaps in some time a forum thread will be created in which Bitcoin holders will thank Satoshi Nakamoto for the technology that allowed BTC to eventually reach $200K. And more to come, as they say, there is no limit to perfection.