1.9M BTC could fall into unrealized loss if Bitcoin dips to $33K: Glassnode

Bitcoin is trading around $38,385 on Monday, 2 May, still struggling against the bearish pressure seen over the past several months. The flagship cryptocurrency, which rose to prices near $70K last November, is down 44% since its peak. 
This past week, the BTC/USD pair touched lows of $37,614 for its lowest price level in a month.
With markets largely negative, the 70% of Bitcoin supply that is profitable could decrease significantly and see a large group of Bitcoiners see unrealized losses