According to on-chain data, this bull cycle is making fewer people rich at a slower rate than previous ones.
Blockchain analysis platform kaiko The data transferred by shows that the cryptocurrency market has been affected so far in this bull process. makes fewer people millionaires revealed.
per day during this phase of the cycle according to Kaiko Fewer than 2,000 millionaires or Wallet containing $1 million worth of Bitcoin being created.
This number, more than 4,000 millionaires per day wallet and per day More than 2,000 wallets with $10 million balance It gives weaker signals than the last bull cycle that created
Market analysts say the slow growth in the number of millionaire status wallets is still early stages of bull market It was interpreted as a signal that we could be:
The slower growth rate for these millionaires could be due to a few things: New capital hasn’t arrived in full force yet. Big whales are taking profits as Bitcoin reaches new highs. Whales store their assets in custodians rather than personal wallets.