With Bitcoin down over 70% from its November all-time highs, experts search for signs of a bottom as the staunchest of long-term holders are feeling pressured to halt their selling.

Bitcoin, the largest digital asset by market value, is hovering around $19,000, down from roughly $69,000 at the end of last year. Longstanding investors spending their coins are locking in a 33% loss, data from Glassnode indicates.