Bitcoin has experienced a significant drop in the number of millionaire wallets following a recent price correction. Between September 22 and 26, the number of Bitcoin addresses holding millionaire status decreased by 7,699, averaging a loss of 1,116 wallets per day. This decline coincided with Bitcoin's price falling from $116,000 to just above $109,000, resulting in a market cap reduction of approximately $150 billion.
The downturn also affected multi-millionaire wallets, indicating that even large holders were impacted by the price drop. The total number of millionaire addresses fell from 167,278 to 162,879 during this period, highlighting the volatility and rapid shifts in wealth within the cryptocurrency market.
Bitcoin Sees Sharp Decline in Millionaire Wallets Amid Price Correction
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