#yen intervention risk rising as Japan moves to defend $JPY.

Historical pattern: Yen intervention → $BTC sell-off (~30%).

Cause: Carry-trade unwind drains global liquidity from risk assets.

Past outcome: Each dump preceded 100%+ #BTC rallies to new highs.

On-chain signals: NUPL still positive, delta growth < 0 → more downside likely before bottom #YenIntervention #Write2Earn