According to data from BitInfoCharts, the number of Bitcoin wallets holding 1-100 BTC is on the decline. The data shows a change of about -0.35% in the number of wallets holding 1-10 BTC and a -3% change in the number of wallets holding 10-100 BTC over the period from October 1, 2023 to September 23, 2024 (local time). Interestingly, the number of wallets holding less than 0.0001 BTC increased by about 76% during the same period. Foreign media outlets interpret this as an influx of new investors. However, the decline in the number of wallets holding 1-100 BTC suggests that the middle class of Bitcoin holders is eroding.