Wealthy crypto investors are continuing to concentrate their holdings in major, highly liquid tokens, even as a pocket of the altcoin market flashes ‘extremely oversold’ technical readings that could signal capitulation-level selling pressure.
Portfolio data published Saturday ET (based on figures compiled through Friday in Korea) showed Bitcoin (BTC) leading the holdings of top-tier investors, appearing in 82% of tracked high-net-worth portfolios. Ethereum (ETH) followed closely at 79%, while XRP (XRP) ranked third at 70%. Solana (SOL) and Ethereum Classic (ETC) trailed at 47% and 35%,… Read more
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