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Wealthier crypto investors continued to concentrate their buying in major assets—Bitcoin (BTC), Ethereum (ETH) and XRP (XRP)—even as a handful of smaller tokens showed extreme “oversold” readings, underscoring a split between defensive positioning and selective risk-taking.
Data tracking high-net-worth investor activity showed Bitcoin (BTC) leading purchase interest at 83% as of Saturday UTC, based on the prior day’s snapshot in Korea. Ethereum (ETH) followed at 80%, with XRP (XRP) next at 70%.
The next tier included Solana (SOL) at 49% and Ethereum Classic (ETC) at 36%, reinforcing a preference for large-cap, highly liquid tokens that often serve as anchors in more conservative crypto portfolios during periods of uncertainty.
While major coins dominated allocations, technical indicators pointed to stress in specific altcoins. In a “could this be a bottom?” watchlist compiled around 03:59 UTC, Sign (SIGN) posted a Relative Strength Index (RSI) of 5.07, an unusually low reading that suggests sharp recent sell pressure. Drift (DRIFT) followed with an RSI of 10.53.
Other tokens flagged for weak momentum included Camp Network (CAMP) at 17.54, Avail (AVAIL) at 19.46, and Orchid (OXT) at 19.95.
RSI is a momentum indicator that compares the magnitude of recent gains and losses to gauge whether an asset is overbought or oversold. Readings below 30 are commonly interpreted as oversold and sometimes associated with the potential for a short-term rebound. However, market participants typically treat RSI as a contextual signal rather than a standalone trigger, weighing it alongside trend direction, volume and volatility—especially in thinner altcoin markets where abrupt moves can distort indicators.
The overall picture suggests that, rather than broadly “buying the dip,” wealthier investors are largely maintaining exposure to top-tier assets, while extreme oversold conditions are appearing more frequently among smaller tokens.
If risk appetite improves, these deeply oversold names could see sharper reflexive moves. If caution persists, capital may continue to gravitate toward bitcoin and other large caps, reinforcing the market’s current preference for liquidity and resilience.
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