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
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
10,000 Bitcoin Withdrawn From Wallet of Defunct Crypto Exchange Wex, Former BTC-e – Exchanges Bitcoin NewsA large amount of coins kept in a wallet associated with crypto exchange Wex, successor of BTC-e, has moved for the first time since 2017.
Read more »
Bitcoin addresses holding at least 1 BTC close in to a millionA whole lot of wholecoiners. The number of known addresses on the Bitcoin blockchain that hold 1 BTC or more hits a new all-time high. (Reporting via JoeNakamoto)
Read more »
Bitcoin new 'worst case scenario' puts BTC bear market bottom near $6KAn 'unlikely' but still feasible worse case scenario floor for BTC is around $6,500, filbfilb believes.
Read more »
FTX Attacker Moving Funds to Bitcoin (BTC) Mixer: StatisticsFTX attacker has started laundering Bitcoins through ChipMixer: Insights by zachxbt and FatManTerra
Read more »
Bitcoin’s new ‘worst case scenario’ puts BTC bear market bottom near $6KDecentrader's Filbfilb believes Bitcoin's capitulation action may drive price back to the area double the bear market bottom of 2018.
Read more »
'Cryptocurrencies Like Bitcoin Make Global Commerce Easy' — Founder of Nigerian Crypto Exchange – Interview Bitcoin News'I think that another reason why people are resisting the CBDC is that there’s been no widespread sensitization,' said Benjamin Eseoghene. cbdc digitalcurrency roqqu
Read more »