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

Cointelegraph

Published Nov 27, 2022 01:30PM ET

Updated Nov 27, 2022 10:20PM ET

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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