Wealthy Crypto Investors Favor Bitcoin, Ethereum as Altcoins Show Oversold Signals

Wealthy crypto investors are keeping portfolios anchored to ‘blue-chip’ assets such as Bitcoin (BTC) and Ethereum (ETH) even as market volatility persists, while several smaller altcoins are flashing sharp ‘oversold’ readings on short-term technical indicators.

According to a snapshot of “wealthy investors’ holdings” published Thursday ET, Bitcoin (BTC) appeared in 83% of tracked high-net-worth portfolios, the highest share among all assets. Ethereum (ETH) followed closely at 80%, while XRP (XRP) was held by 70% of these accounts. Solana (SOL) registered 48%, and Ethereum Classic (ETC) stood…  Read more

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