The Decline in 2022 Wiped 80,000 Bitcoin Millionaires from the Market

More than 80,000 Bitcoin (BTC) investors lost their millionaire status in 2022 due to the downturn in the crypto markets.

Last year, according to BitInfoCharts data November per month 108,886 BTC of your address 1 million dollarsIt was reported to have a financial value of more than . bitcoin of the price $20,000These days when he is trying to hold on, only 26,284 addresses It is reported to contain over $1 million worth of assets, meaning the number of millionaires 75% in the last 9 monthsIt means more than .

Big drop in bitcoin price, worth more than $10 million It also affected the number in the Bitcoin wallet. With a minimum cash value of $10 million in November last year 10,587 addresses while today only 4.342‘si 58% It has the same status as a drop.

Despite the drop in the net worth of Bitcoin millionaires, in the bear market More than 13,000 new “Wallet containing one or more Bitcoins” has been added to the data. Accounts holding at least 1 Bitcoin This significant increase in the number of whales indicates that whales are accumulating large amounts of Bitcoin as prices fall.

glassnode According to data, in the past 20 days 250,000′more than one account, their balance 0.1 Bitcoin ie approximate 2,000 dollarsHe added the title so that what they hold It has increased the amount of Bitcoin.

Bitcoin at the time of writing, according to CoinMarketCap data $19,000and the total value of the cryptocurrency market $854 million watching around.

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