Million-dollar BTC wallets have decreased by almost 100,000 in just one year.
According to the latest data from on-chain analytics firm1 year, 90,000 fewer million-dollar BTC walletsof how far the crypto market has fallen since Bitcoin’s last all-time highs, Bitcoin millionaires have been seriously feeling the pinch.
Glassnode, which tracks multiple cohorts of BTC wallets, confirms that as of Nov. 25, there were 23,245 with a balance worth over $1 million. Contrast that with the scene from Nov. 8, 2021, when the tally hit its peak as BTC/USD approached its latest $69,000 all-time high — then, there were 112,898 “millionaire” wallets.Such addresses have fallen in line with spot price itself, subject to modest selling by owners at various points of Bitcoin’s year-long bear market.
Millionaire wallet numbers are down around 79% in that period, while BTC/USD saw a maximum drawdown of 77% this month, data from
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