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The number of Bitcoin millionaires in dollars has significantly decreased., 2026/04/10 14:50:52
In the first three months of the year, the number of Bitcoin addresses holding a balance of at least $1 million decreased by 20,590, dropping from 148,084 to 127,494. This represents a decline of 13.9%, according to analysts from Finbold.
The most significant reduction occurred in the number of crypto addresses containing cryptocurrencies valued between $1 million and $10 million, which fell by 18,483. The count in this price range decreased from 131,716 to 113,233. Additionally, the number of addresses holding Bitcoin worth $10 million or more saw a reduction of 2,107 addresses, from 16,368 to 14,261 during January to March.
Finbold noted that the decline in Bitcoin millionaires coincided with a substantial drop in the price of the leading cryptocurrency. At the beginning of the year, BTC was trading at $88,700, but by the end of the first quarter, it had decreased by 23% to $68,200.
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Analysts pointed out that large holders of the cryptocurrency appeared to be more resilient than those with smaller Bitcoin balances. However, even these major holders are not immune to the overall downturn in the crypto market. The reduction in the number of addresses with significant amounts is primarily attributed to the decline in Bitcoin’s value rather than mass sell-offs by large holders.
Compared to the same period last year, the decrease in the number of “million-dollar wallets” has intensified significantly. In the first quarter of 2025, 13,942 addresses ceased to be Bitcoin millionaires, while in the first quarter of 2026, this figure increased by 47.7%, representing 6,648 addresses. Experts at Finbold believe that the wallets of crypto investors have been impacted by the high volatility of Bitcoin.
Previously, analysts from the CryptoQuant platform identified large Bitcoin holders who are increasing transfers of coins to centralized exchanges as a key factor exerting pressure on the price of the primary crypto asset.
