82,600 investors stopped being millionaires due to the fall in the price of bitcoin

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

According to BitInfoCharts, at the time BTC reached its all-time high at $69,000, 108,886 bitcoin addresses had an asset valuation of over $1 million. Nine months later, this parameter was reduced to 26,284.

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

The fall in the price of the first cryptocurrency has led to an increase in the number of those who own at least 1 BTC – the number of such bidders has increased by more than 13,000, to over 860,000. Such dynamics indicates the accumulation of bitcoin by retail investors.

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Data correlate with calculations Glassnodeaccording to which more than 250,000 addresses added at least 0.1 BTC in the last 20 days.

Earlier, JPMorgan allowed miners to maintain pressure on the price of bitcoin.

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Source: Cryptocurrency

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