High-net-worth crypto investors are concentrating fresh buys in large-cap tokens led by Bitcoin (BTC) and Ethereum (ETH), even as a handful of smaller altcoins flash extreme ‘oversold’ readings on the Relative Strength Index (RSI)—a technical setup some traders read as a potential short-term bottom signal.
According to a snapshot of wealthier investors’ positioning as of Tuesday ET, Bitcoin ranked highest by purchase share at 82%. Ethereum followed closely at 80%, with XRP (XRP) next at 70%. Solana (SOL) registered a 49% buy share, while Ethereum Classic (ETC) came in at 36%.
The skew…
Source:: Bitcoin, Ethereum Lead High-Net-Worth Crypto Buying as Altcoins Show Oversold Signals