Wealthy Investors Ramp BTC to 83% Allocation as Altcoins Hit Extreme Oversold Post-Crash

High-net-worth investors shifted heavily to Bitcoin (83% allocation), Ethereum (80%), and XRP (70%) by May 6, amid altcoins flashing oversold RSIs, signaling potential rotation after volatility. Bitcoin surged to $80,594 on May 4 via a $370 million short squeeze liquidating $302 million in shorts, but crashed to $65,200 on a $106 million hourly long liquidation cascade. Weak fundamentals persisted with CryptoQuant Bull Score at 40, Apparent Demand at -44,700 BTC, negative Coinbase Premium, and $1.54B–$1.78B Binance stablecoin outflows, despite $275 billion April inflows.