Wealthy Crypto Investors Favor Bitcoin at 81% and Ethereum at 79% as Altcoins Turn Oversold
Updated
Updated · pluang.com · Jun 7
Wealthy Crypto Investors Favor Bitcoin at 81% and Ethereum at 79% as Altcoins Turn Oversold
3 articles · Updated · pluang.com · Jun 7
Summary
High-net-worth crypto investors are concentrating portfolios in large-cap tokens, with 81% favoring Bitcoin and 79% favoring Ethereum.
Market uncertainty is driving that shift toward liquidity and perceived stability, reinforcing preference for the two biggest cryptocurrencies over smaller tokens.
Smaller altcoins, by contrast, have fallen to extremely oversold levels on Relative Strength Index measures, underscoring how sharply risk appetite has weakened.
The positioning highlights a defensive turn in crypto allocation, with wealthy investors prioritizing resilience in majors rather than chasing rebounds in thinner, more volatile coins.