Wealthy Crypto Investors Favor Bitcoin and Ethereum as Altcoins Flash Extreme Oversold Signals

Wealthy crypto investors are continuing to cluster around ‘major assets' led by Bitcoin (BTC) and Ethereum (ETH), even as a separate group of altcoins flashes ‘extreme oversold' signals on technical charts—a split that underscores the market's preference for liquidity and brand-recognition during uncertain conditions. Portfolio data based on Monday ET showed Bitcoin (BTC) holding the highest penetration among high-net-worth participants at 83%, followed closely by Ethereum (ETH) at 80%.