When Bitcoin was at 120,000, 10 coins were worth 1,200,000. Now Bitcoin is at 76,000, worth 760,000, already down 440,000. If Bitcoin drops to 50,000, worth 500,000, it would only be 220,000 more lost than now. As someone holding positions, would you still care? So the conclusion is, the selling pressure at this position won't be too great anymore; at this point, the only ones left selling are panic sellers. After the panic subsides, a rebound is about to come.