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Bitcoin ‘millionaire’ wallets drop 80% in year of BTC price bear market

Cryptocurrency Nov 27, 2022 10:20PM ET
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Bitcoin (BTC) millionaires are becoming an increasingly rare breed as numbers fall 80% in a year.

According to the latest data from on-chain analytics firm Glassnode, there are now just 23,000 wallets with a BTC balance worth $1 million or more.

Bitcoin wallets with a balance of $1 million or more chart. Source: Glassnode
BTC/USD 1-week candle chart (Bitstamp). Source: TradingView
Bitcoin wallets with a balance of 1 BTC or more chart. Source: Glassnode
Bitcoin addresses with a non-zero balance chart. Source: Glassnode

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Bitcoin ‘millionaire’ wallets drop 80% in year of BTC price bear market
 

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Comments (2)
Loke Wing Kin
Loke Wing Kin Nov 27, 2022 11:27PM ET
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Ponzi scheme like FTX taken all the FIAT money
Charles Ponzi
Charles Ponzi Nov 27, 2022 11:27PM ET
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It's only virtual money, no real money lost....
 
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