Shocking Drop in Bitcoin Millionaires: Why Thousands Are Vanishing Fast!

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<a href="https://jpykr.com/btc-usd/">Bitcoin</a> Millionaires Are Disappearing By The Thousands, And The Figures Are Shocking

Since the beginning of the year, as Bitcoin’s price has fallen, the number of people who have over $1 million worth of Bitcoin has decreased substantially. This is largely because many long-term Bitcoin owners are currently holding Bitcoin that’s worth less than what they originally paid for it, as the price is still well below its peak of $126,000.

Number of Bitcoin Millionaires Crashes 14%

New research from Finbold shows that the number of Bitcoin wallets worth at least $1 million decreased by 14% in the first three months of this year. This drop happened as Bitcoin’s price fell sharply from over $97,000 to as low as $60,000 in February, causing some wallets to fall below the $1 million mark.

A recent study found that the number of Bitcoin addresses holding $1 million or more decreased from 148,084 to 127,494 between January 1st and March 31st, 2026 – a drop of nearly 14% in the first three months of the year. Researchers believe this decline in Bitcoin millionaires is primarily a result of Bitcoin’s price falling during that period, rather than a large number of people selling their holdings.

The number of Bitcoin millionaires has been steadily decreasing since the end of March, currently totaling 119,878, according to BitInfoCharts. Interestingly, this decline has happened even as Bitcoin’s price has gone up since its low point in February, implying that some wealthy investors have sold off their Bitcoin as the price increased.

The number of Bitcoin addresses holding $10 million or more has recently increased after falling earlier this year. Research from Finbold showed there were 14,261 of these addresses at the end of March. As of today, BitInfoCharts reports that number has risen to 15,036.

LTHs Still Well Underwater

Glassnode, a company that analyzes blockchain data, recently shared on X that long-term Bitcoin holders are currently experiencing unrealized losses equal to 14% of Bitcoin’s total market value. However, this is significantly lower than in past bear markets, where such losses typically averaged around 70% of the market cap, suggesting Bitcoin may not have bottomed out yet.

This measure shows the total amount of unrealized losses held by long-term Bitcoin holders, expressed as a percentage of the total market value. Currently, this figure indicates that Bitcoin hasn’t likely reached its lowest point, even with the recent price increase. Glassnode also notes that demand remains weak, and activity in the futures market suggests the recent recovery isn’t yet backed by strong confidence.

As of today, Bitcoin is trading around $72,800, showing an increase over the past 24 hours, based on data from CoinMarketCap.

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2026-04-11 17:43