Bitcoin loses 1,000 millionaires a day since start of the week

Bitcoin’s ( BTC ) latest slide has not only rattled traders but also reshaped its wealth distribution at a breathtaking ￰0￱ research, drawing on data acquired from BitInfoCharts and verified via the Wayback Machine web archive tool, shows that between September 22 and September 26, the network shed 7,699 millionaire addresses, 1,116 wallets Bitcoin millionaires wiped out every day on ￰1￱ September 22, the count of millionaire wallets stood at 167,278. Four days later, that number had collapsed to 162,879. Even at the higher tiers, erosion was visible: multi-millionaire wallets (worth over $10 million) fell from 21,952 to 21,887, suggesting that even whales were not fully insulated from the ￰2￱ millionaire rich list.