Bitcoin

In 2023, the number of Bitcoin wallets with a total value of coins exceeding a million dollars has tripled. 
According to <a href="https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html" target="_blank" rel="noopener">BitInfoCharts</a>, 23,795 Bitcoin (<a href="https://crypto.news/price/bitcoin/" data-type="link" data-id="https://crypto.news/price/bitcoin/">BTC</a>) millionaires were registered in the market in January 2023. As of this writing, the number has risen to 81,925, an increase of 237%. The indicator began to grow actively against the backdrop of positive crypto market dynamics and Bitcoin updating its annual highs. 
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 <img decoding="async" loading="lazy" width="1448" height="840" src="https://crypto.news/app/uploads/2023/11/Screenshot-2023-11-13-at-10.14.26.png" alt="Bitcoin millionaire wallets triple in 2023 - 25" class="wp-image-14214968">
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 Bitcoin distribution | Source: <a href="https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html" target="_blank" rel="noopener">BitInfoCharts</a>
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However, millionaire wallets are not personal to individual users, as crypto exchanges and financial institutions own many addresses with over $1 million worth of BTC. 
According to <a href="https://studio.glassnode.com/metrics?a=BTC&amp;category=&amp;m=addresses.Min1MUsdCount&amp;s=1576647270&amp;u=1699660800&amp;zoom=" target="_blank" rel="noopener">Glassnode</a>, the number of addresses holding more than $1 million worth of Bitcoin peaked during the last bull market in November 2021. It hit a record 112,573 addresses on Nov. 9, 2021, right before Bitcoin reached its all-time high of $69,000. 
Meanwhile, since the beginning of the year, the number of so-called “wholecoiners”— wallets with a balance of at least 1 BTC — has increased slightly. Currently, there are 1,018,015 such addresses, which is 4% more than the 978,197 registered on Jan. 1. 
On Nov. 9, the price of Bitcoin <a href="https://crypto.news/bitcoins-surge-to-new-annual-high-cost-traders-440m/">set a new high for 2023</a>. Against the backdrop of this growth, the volume of liquidations on futures contracts reached $151m. On the same day, the asset crossed the $37,000 mark. The jump in the Bitcoin price occurred against the news that the US Securities and Exchange Commission announced the start of negotiations with Grayscale regarding <a href="https://crypto.news/spot-bitcoin-etf-will-sec-approve-or-buy-more-time/">spot Bitcoin ETF</a>. 
The first cryptocurrency closed in October 2023 with an increase of 28.5%. There have been several significant jumps in the asset’s price in the past month. 
 You might also like: <a href="https://crypto.news/bitcoins-new-high-signals-major-market-shift-analysis-and-predictions/"> Bitcoin’s new high signals major market shift: analysis and predictions </a>

Bitcoin millionaire wallets triple in 2023

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