As a result of the loss of nearly one trillion dollars in market capitalization since the beginning of the year, the number of bitcoin addresses holding one million dollars in BTC or more has also decreased.
According to statistics from BitInfoCharts.com, as of May 28, 2020, the number of BTC addresses with balances over $1 million was 77,936.
Approximately 5,856 addresses had a total balance of about $10 million, with the remaining 72,080 addresses having a balance of $1 million or more.
The Wayback Machine tool found that the number of bitcoin wallets worth more than $1 million has decreased by nearly 21.34% since the beginning of the year, with 99,092 addresses registered on January 5.
Notably, the number of bitcoin millionaires has dropped dramatically since the beginning of January, but if we go back to October 2021, when bitcoin was at its peak, the drop is even more noticeable.
Relative to the 116,139 bitcoin millionaire addresses on October 28, 2021, the seven-month drop would be 32.89%.
Nevertheless, despite that some analysts think that bitcoin’s value will rise soon and the situation in the camp of BTC-millionaires will change again. At the moment, according to CoinGecko, bitcoin is trading at $28,884, showing a predominantly negative trend.