On-chain Bitcoin whales have had a slow return, despite Bitcoin surpassing its previous all-time high.
The number of new daily Bitcoin (BTC) “millionaire” wallets has increased to around 1,500 following the asset's recent rally to $72,000 — though the uptick is still dwarfed by the number of new millionaires minted daily during the last bull run.
According to a March 11 report from Kaiko Research, the number of new daily million-dollar Bitcoin wallets was at a low of less than 500 in January but is now ticking closer to the 2,000 mark.
Kaiko, however, noted that during the last bull run — when Bitcoin set its previous all-time high of $69,000 on Nov. 10, 2021 — more than four thousand wallets reached the million-dollar mark daily, with another two thousand wallets reaching $10 million every day.
