Bitcoin has misplaced round 25,000 millionaire addresses within the 12 months since Donald Trump returned to the White Home, regardless of a shift towards a extra crypto-friendly regulatory surroundings within the US.
Based on new analysis by Finbold, on the time of Trump’s inauguration in January 2025, 157,563 Bitcoin addresses held a minimum of $1 million price of BTC. By January 20, 2026, that quantity had fallen to 132,383, a decline of 25,180 addresses or about 16 per cent 12 months on 12 months (YoY).
Crypto wealth dips after report highs
The autumn follows a broader increase and cooldown cycle within the Bitcoin market. Millionaire addresses continued to rise after Trump took workplace and peaked in October 2025, when Bitcoin reached an all-time excessive simply above $126,000.
The variety of high-value addresses then declined as costs retreated within the months that adopted.
“The essential distinction is timing,” mentioned Jordan Main, co-author of the analysis. “Trump’s election and early presidency coincided with a powerful buildup in Bitcoin wealth however the absolute peak in millionaire addresses occurred later on the October 2025 value excessive. What we’ve seen since then is a normalisation slightly than a collapse.”
Losses had been much less pronounced among the many largest holders. Addresses holding greater than $10 million price of Bitcoin declined from 18,801 in January 2025 to 16,453 by January 2026, a drop of about 12.5 per cent.
The smaller lower suggests higher resilience amongst top-tier holders in comparison with mid-level millionaire wallets.
Bitcoin’s value actions over the identical interval mirror the same sample. BTC traded at $102,016 on January 20, 2025, climbed to a peak above $126,000 in October 2025 and later retraced to $92,558 by January 20, 2026.
“What stands out is the divergence between tiers,” mentioned Diana Paluteder, co-author of the analysis. “Mid-level millionaire addresses declined extra sharply after the height, whereas $10 million plus wallets confirmed stronger holding behaviour, pointing to consolidation slightly than widespread exit.”
Finbold cautioned that blockchain information tracks addresses slightly than people. A single investor could management a number of wallets, whereas one deal with can even symbolize pooled funds from a number of customers.
In consequence, address-level information doesn’t equal the variety of particular person Bitcoin millionaires however is extensively used as a proxy for capital focus and investor behaviour.
