Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Bitcoin millionaire wallets drop 80% in year of BTC price bear market
In yet another indication of how far the crypto market has fallen since Bitcoins last all-time highs, Bitcoin millionaires have been seriously feeling the pinch.
Glassnode, which tracks multiple cohorts of BTC wallets, confirms that as of Nov. 25, there were 23,245 with a balance worth over $1 million.
Contrast that with the scene from Nov. 8, 2021, when the tally hit its peak as BTC/USD approached its latest $69,000 all-time high then, there were 112,898 millionaire wallets.
Information source: https://cointelegraph.com/news/bitcoin-millionaire-wallets-drop-80-in-year-of-btc-price-bear-market
In yet another indication of how far the crypto market has fallen since Bitcoins last all-time highs, Bitcoin millionaires have been seriously feeling the pinch.
Glassnode, which tracks multiple cohorts of BTC wallets, confirms that as of Nov. 25, there were 23,245 with a balance worth over $1 million.
Contrast that with the scene from Nov. 8, 2021, when the tally hit its peak as BTC/USD approached its latest $69,000 all-time high then, there were 112,898 millionaire wallets.
Information source: https://cointelegraph.com/news/bitcoin-millionaire-wallets-drop-80-in-year-of-btc-price-bear-market