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

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.

1 year, 90,000 fewer million-dollar BTC wallets

In yet another indication of 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…


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