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<h2 id="header-0">Bitcoin (BTC), the world's largest cryptocurrency, is still under heavy selling pressure as global markets remain volatile.</h2>
Over the weekend, the Bitcoin price fell below $19,000 and BTC whale address holdings dropped to a 29 month low. The experts forecasting further downside for Bitcoin.
According to on-chain statistics, <a href="https://www.coingabbar.com/en/crypto-currency-news-english/amid-btc-price-drop-bitcoin-whales-buying-spree" rel="noopener noreferrer nofollow">Bitcoin whale</a> holdings have been falling for the past 100 months in a row. As per sources reports, despite concerns regarding inflation and a worldwide recession, addresses holding 100 to 10,000 BTC have reduced their percentage of supply held of crypto's top asset to 29 month lows.
<img src="https://academy-public.coinmarketcap.com/optimized-uploads/74b67132d2bd4285916ae3f9728db688.png">
Given the current macroeconomic context, this clearly demonstrates that Bitcoin investors are extremely cautious. Furthermore, as per sources data, the number of short positions in Bitcoin futures has been increasing.
BTC Social Dominance Spikes
As we all know, the broader crypto market including Bitcoin has undergone a severe downturn. The recent crypto market downfall has resulted in a much greater correction in the altcoin space. As a result, social interest in Bitcoin has reached a new 2-month high. As per an on-chain data provider report:
“This weekend saw an increase in BTC interest on social media sites. For the first time since mid-July, BTC is the subject of 26%+ of talks among crypto's top 100 assets. According to our backtesting, having 20% or more dedicated to Bitcoin is a positive for the industry.”
<img src="https://academy-public.coinmarketcap.com/optimized-uploads/88d40c9106f84eb58b6304314928390a.png">
As Bitcoin suffers its third straight daily loss, the BTC Fear and Greed Index swings into "extreme fear" territory. The Fear &amp; Greed Index fell from 24/100 to 21/100 earlier today. However, it remains above 20 levels, showing some investor resilience.
The bears, on the other hand, will be looking for levels below $18,000 if the market sell-off continues. At the time of writing, the <a href="https://www.coingabbar.com/en/crypto-currency-news-english/bitcoin-price-analysis-cmp-dollar-triangle-level-breakout-in-eyes-make-or-break" rel="noopener noreferrer nofollow">Bitcoin price</a> is trading at $18,782 and dropped more than 1% in the last 24hrs.
Read also: <a href="https://www.coingabbar.com/en/crypto-currency-news-english/investors-in-lunc-discuss-binances-new-percent-trading-tax" rel="noopener noreferrer nofollow">Investors in LUNC discuss Binance's new 1.2 Percent trading tax</a>

BTC Whale Address Holdings Dropped To 29 Month Low

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