[Cryptocurrency Trend Analysis] Top asset holders include Bitcoin, Ethereum, Ripple... The RSI dropping to single digits in "DeFi applications" signals a low point worth noting

robot
Abstract generation in progress

As of yesterday, the current investment status of asset holders shows that major assets such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) occupy the top positions in holdings proportions. Meanwhile, in terms of short-term technical indicators (RSI), some altcoins have fallen into single digits and just above 10%, entering oversold territory. Asset holders’ portfolios are more concentrated in relatively stable assets, and among the coins with larger declines, signals of “bottoming” have also been observed.

Current investment status of asset holders (as of yesterday)

Looking at the current investment status of asset holders (as of yesterday), Bitcoin (BTC) leads with an 83% holding ratio. Ethereum (ETH) follows closely at 80%, and Ripple (XRP) accounts for 70%. Next, Solana (SOL) is at 48%, and Ethereum Classic (ETC) at 35%. The top-ranked composition mainly centers around mainstream assets like Bitcoin, Ethereum, and Ripple, confirming that even in volatile markets, well-known and highly liquid coins form the core of investment portfolios.

Is this the bottom? (11:59 AM) / RSI oversold coins

In terms of technical indicators, coins with low RSI are noteworthy. As of 11:59 AM, DeFiApp (HOME) has the lowest RSI at 8.56%, while Stellar (XLM) has an RSI of 12.50%. USDAI (CHIP) has an RSI of 13.42%, Audius (AUDIO) 14.16%, and Lombard (BARD) 15.38%. At the same time, in terms of price change, HOME decreased by 4.45%, XLM by 1.26%, CHIP by 2.94%, AUDIO by 0.60%, and BARD by 1.24%, all showing a downward trend.

RSI (Relative Strength Index) is a representative auxiliary indicator that compares gains and losses over a certain period to determine whether the price is overheated (overbought) or oversold (oversold). Usually, when RSI drops below 30, it is interpreted as oversold territory, sometimes suggesting the possibility of a short-term technical rebound. However, RSI alone cannot confirm the bottom; it needs to be combined with other indicators such as volume changes and trend reversals for confirmation.

[This article does not provide financial advice; investment decisions and responsibilities are borne by the investors themselves.]

BTC-0.84%
ETH-2.41%
XRP-1.8%
SOL0.74%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin