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Number of Millionaire Wallets Fall by 80% in a Year

ByLouis Adams

Nov 29, 2022 #Bitcoin
Reading time: < 1 minute

According to Glassnode, the number of crypto wallets that have accumulated least $1 million in BTC has decreased by 80% over the year.

The researchers have note that the market crash had an extremely negative impact on the profitability of holders of the largest digital currency.

At the beginning of November last year, the number of “millionaire wallets” reached 112,898, compared to the current 23,245 addresses.

A year ago, Bitcoin reached $69,000, after which its value started to fall. Investors exited the shares of the IT sector and the crypto sphere amid global uncertainty caused by economic and political factors.