Bitcoin risks a 30% slide if yen intervention returns; prior rebounds exceeded 100%

Markets were on alert over the weekend after reports of New York Fed "rate checks" in USD/JPY, a move often seen as a precursor to coordinated action. Traders note that prior yen interventions coincided with roughly 30% Bitcoin drawdowns before rallies surpassing 100%. According to Alphractal, onchain metrics show no "true bottom" yet, with risks of another leg lower.