{"id":15364,"date":"2022-11-27T19:44:50","date_gmt":"2022-11-27T19:44:50","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/bitcoin-millionaire-wallets-drop-80-in-year-of-btc-price-bear-market\/"},"modified":"2022-11-27T19:44:52","modified_gmt":"2022-11-27T19:44:52","slug":"bitcoin-millionaire-wallets-drop-80-in-year-of-btc-price-bear-market","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/bitcoin-millionaire-wallets-drop-80-in-year-of-btc-price-bear-market\/","title":{"rendered":"Bitcoin ‘millionaire’ wallets drop 80% in year of BTC price bear market"},"content":{"rendered":"
Bitcoin (BTC) millionaires are becoming an increasingly rare breed as numbers fall 80% in a year.<\/p>\n
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.<\/p>\n
In yet another indication of how far the crypto market has fallen since Bitcoin\u2019s last all-time highs, Bitcoin millionaires have been seriously feeling the pinch.<\/p>\n
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. <\/p>\n
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 \u2014 then, there were 112,898 \u201cmillionaire\u201d wallets.<\/p>\n