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80,000 bitcoin millionaires were destroyed as a result of the great cryptocatroph of 2022

as a result of cryptocurrency collapse, the number of bitcoin millionaires decreased by more than 75% since November last year.

More than 80,000 investors in Bitcoin (BTC) have lost the status of millionaires due to a decline in the cryptocurrency market, but price reduction means that the number of entire coins is growing. On November 12, a few days after Bitcoin reached a new historical maximum of $ 69,000, 108,886 BTC addresses reported more than $ 1 million, according to Bitinfocharts. Currently, when the price of bitcoin is hard to keep at $ 20,000, only 26,284 addresses contain assets worth more than $ 1 million. This means that over the past nine months the number of paper millionaries has decreased by more than 75%. A sharp drop in the price of the main cryptocurrency also influenced the number of “whales” - those who boast a Bitcoin wallet worth more than $ 10 million. If in November last year there were 10,587 addresses with a minimum monetary cost of $ 10 million, today this status has only 4,342 addresses, which is 58% less. Despite the decrease in the net value of the former BTC millionaires, more than 13,000 new "cellular" - wallets containing one or more BTC appeared on the bear market - as a result of which the total number of cellcoiners reached a little more than 860,000. Such a significant surge in the number of "whole coins "says that retail investors accumulate a large amount of BTC, while prices fall. An even greater trust in the version of the accumulation of funds by retail investors is caused by the fact that over the past 20 days, according to Glassnode, more than 250,000 addresses have added 0.1 BTC to their assets, or $ 2,000 at the time of writing an article. Similar: 71% of wealthy people invested in digital assets: Poll Bitcoin and other digital assets markets negatively influenced a number of different factors, including strengthening control by regulatory authorities, prolonged geopolitical unrest, inflation growth and increasing interest rates. Due to the growing uncertainty regarding the stability of global markets, commentators seem to agree that the price of risky assets such as bitcoin may continue to suffer for a long period of time. At the time of writing, Bitcoin is sold at a price of $ 20 005, decreasing by 1.63% over the past 24 hours and by 37% over the past 30 days, with a total market capitalization of $ 382 billion, according to CoinmarketCap.

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6/30/2022