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
It's only temporary. There will be many more millionaires when the bull market starts
Something to worry about
Glassnode confirms that as of Nov. 25, there were 23,245 with a balance worth over $1 million. Just a year ago, there were 112,898 “millionaire” wallets.
1 Bitcoin = 1 Bitcoin.
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Well hope we will handle it
Selling the top and buying the bottom by the sound of it.
I’m not giving up on bitcoin.
Hopefully the Mt. Gox people get their tokens soon.
Sigh... Still, I'm not selling.
Well.. it’s a about time to switch to GOPX!
'the purge' Few will rise from the ashes like a phoenix.
At least the same amount will rise at the beginning of 2024... And some 10,000 more...
No way
20% more to go..
Doesn't really matter. Just have to hodl through this bear market.
Thats nice
BNB
Thats nice!!
BNB
Thats nice!
Thats nice!!
Thats nice
Thats nice!
Thats nice
Thats nice
FACT
TKralow HODLERs dont care
Thats nice!!
Thats nice
BNB
BNB
FACT
BNB
Thats nice
Coz price dropping.. duh 1 million in BTC at $60k is obviously less now that BTC is at $16k lol
BTC tickers down $16,545 ' BTC millionaires are becoming an increasingly rare breed as numbers fall 80% in a year.' Makes sense since BTC price went down Almost 80% and Hodling is a thing
Redistribution is a feature not a bug.
No shit
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Source: Cointelegraph - 🏆 562. / 51 Read more »
Source: Cointelegraph - 🏆 562. / 51 Read more »