Bitcoin ‘millionaire’ wallets drop 80% in year of BTC price bear market

According to Glassnode, 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 ATH — then, there were 112,898 “millionaire” wallets.

Even so, the number of Bitcoin addresses continues to grow throughout 2022. As of November 27, the number of wallets with more than one Bitcoin has reached 952,000 – a record in Bitcoin’s history.