The post Bitcoin ‘True Bottom’ Pending as Yen Fractal Signals 30% BTC Price Drop appeared on BitcoinEthereumNews.com.

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%. Onchain data says the Bitcoin bottom is not yet confirmed. Bitcoin’s yen fractal shows 30% drawdowns before rebounds A yen intervention is when Japan’s authorities step into the forex market to influence the currency, most commonly by selling dollars and buying yen to slow a rapid yen slide. Over the weekend, markets were on alert after reports that the New York Fed conducted “rate checks” in USD/JPY, often treated by FX traders as a prelude to coordinated action. That followed official comments emphasizing close US-Japan coordination on currencies. In the two prior intervention windows, BTC sold off by about 30% from local highs before forming a base, due to the unwinding of the “yen carry trades.” BTC/USD daily price chart. Source: TradingView In both cases, the post-shakeout recovery eventually extended into a rally of 100% or more. “The same scenario is about to occur now,” said analyst Mikybull Crypto, adding that the BTC price “will first dump and rally afterward.” Bitcoin risks declining toward the $65,000–$70,000 range if the yen fractal plays out as intended. Bitcoin onchain metrics reinforce bearish outlook Bitcoin has not reached full capitulation and is yet to form a “true bottom,” according to data resource Alphractal. One of the indicators behind that view is net unrealized profit/loss (NUPL), which tracks whether Bitcoin holders are sitting on paper gains or paper losses. As of Monday, NUPL was falling but still above zero, meaning the market remains net “in profit,” even after the recent drawdown. Bitcoin NUPL vs. price chart. Source:…

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Filed under: News - @ January 27, 2026 3:29 am