Since November 2021, the number of Bitcoin millionaires has fallen by 75% (82,602) amid negative momentum in the leading cryptocurrency.
According to BitInfoCharts, at the time Bitcoin reached its historical maximum at $69,000, more than $1 million in assets were held by 108,886 Bitcoin addresses. Nine months later, this figure had fallen to 26,284.
There was also a dramatic decline in the “whale population” (addresses worth more than $10 million) — from 10,587 to 4,342 addresses (a drop of 58%).
The fall in the price of the leading cryptocurrency led to a rise in the number of holders of at least 1 BTC — the count increased by more than 13,000, to over 860,000. This dynamic points to retail investors accumulating Bitcoin.
The data align with Glassnode‘s calculations, which show that more than 250,000 addresses added at least 0.1 BTC in the last 20 days.
Earlier, allowed the continuation of miners’ pressure on Bitcoin’s price.
Earlier, analysts did not rule out a drop in Bitcoin’s price to $10,350.
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