Wealthy Investors Shift to Bitcoin, Ethereum as Altcoins Hit Oversold Levels

Wealthy investors are increasingly concentrating their crypto exposure in large-cap tokens such as Bitcoin (BTC), Ethereum (ETH), and XRP (XRP), underscoring a familiar flight to liquidity as market volatility persists. At the same time, several smaller altcoins have slipped into deeply ‘oversold’ territory on the Relative Strength Index (RSI), a technical indicator often used to gauge short-term capitulation risk.

According to composition data cited in a Korea-based market trends report, Bitcoin (BTC) held the highest ownership or buying weight at 83% as of Tuesday UTC. Ethereum (ETH)…  Read more

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