May 3, 2025
Blockchain

Bitcoin’s decline deprives 82,600 investors of millionaire status

  • June 30, 2022
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Since November 2021, the number of bitcoin millionaires has decreased by 75% (82,602) due to the negative dynamics of the first cryptocurrency. According to BitInfoCharts, there were 108,886

Bitcoin’s decline deprives 82,600 investors of millionaire status

Bitcoin’s decline deprives 82,600 investors of millionaire status
Bitcoin’s decline deprives 82,600 investors of millionaire status

Since November 2021, the number of bitcoin millionaires has decreased by 75% (82,602) due to the negative dynamics of the first cryptocurrency.

According to BitInfoCharts, there were 108,886 bitcoin addresses with asset valuations of over $1 million at the time BTC hit an all-time high of $69,000. Nine months later this parameter was reduced to 26,284.

There was also a dramatic drop in the “whale population” (wallets over $10M) – from 10,587 addresses to 4,342 addresses (58%).

The drop in the price of the first cryptocurrency has led to an increase in the number of holders of at least 1 BTC – the number of such bidders has increased by more than 13,000 to over 860,000. retail investors.

The data correlates with Glassnode’s calculations that over the past 20 days it has added at least 0.1 BTC to each of over 250,000 addresses.

Recall that JPMorgan allowed miners to maintain pressure on the bitcoin price.

Earlier, analysts did not rule out the possibility that the price of the first cryptocurrency could drop to $10,350.

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Source: Fork Log

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