MicroStrategy: STRC Yield Structure Cracks at $94.84
MicroStrategy STRC falls to $94.84 after Strategy sells 32 BTC for dividends while Bitcoin holds $65690 amid oversold RSI signals.
SourceAnalysis
MicroStrategy faces mounting pressure as its STRC product slips to $94.84, echoing the structural flaws that felled Terra Luna.
Strategy sold 32 BTC worth $2.5 million to cover the 11.5% annual dividend on $2.5 billion raised last July, shattering the never-sell narrative while Bitcoin trades near $65690.
With price testing upper Bollinger resistance at $75446 while RSI flashes oversold at 22.92, a healthy retracement to the 50-EMA support at $71582 seems probable before further continuation as MACD death cross at -2067 confirms bearish momentum inside the bands down to $63524.
Markets now price in higher risk that further BTC sales may fund nearly $1.7 billion yearly obligations if Bitcoin price prediction turns lower and crypto market crash fears accelerate.
Charles Edwards
@caprioleioFounder of Capriole Fund and The Ref.io, leading ventures in the digital asset ecosystem.