Crypto Whales Allocate 83% to Bitcoin as Altcoins Hit Extreme Oversold

Crypto whales have shifted heavily to Bitcoin (83% allocation) and Ethereum (80%), leaving altcoins at extreme oversold levels like RSI under 30. Accumulation began mid-April with whales buying 270,000 BTC at the fastest pace since 2013, followed by 45,000 BTC weekly hauls, MicroStrategy's 34,164 BTC ($2.54B) purchase, and sharks absorbing 37,920 BTC. Exchange reserves hit a 7-year low of 2.21M BTC, pushing whale holdings to a 5-month high of 3.09M BTC and signaling potential $80K-$88K breakout despite short-term shorts.