Bitcoin crashed 30% after the last Yen intervention, but there’s a catch

Past yen shocks were followed by BTC dropping 30% before rebounding more than 100%, a pattern traders are watching as talk of Japan’s intervention returns.

Bitcoin (BTC) may face another sharp sell-off if growing talk of a Japanese yen (JPY) intervention turns into action, with past intervention episodes coinciding with 30% drawdowns in BTC price.

Key takeaways:

Past Japanese yen shocks saw BTC drop about 30%, and then recover by over 100%.

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