Bitcoin eyes potential final liquidity sweep as weak hands capitulate and whales hedge

Bitcoin's price has fallen from a peak near $126,000 to the $70,000 region, with the Fear & Greed Index dropping into the 5–20 range as retail traders and Short-Term Holders sell at a loss. On-chain data shows STH supply shrinking from around 8 million BTC and STH-MVRV sliding to roughly 0.75–0.78, while whales cut longs and add shorts near $69,000, suggesting one more downside liquidity sweep is possible before a recovery base forms.