Strategy: BTC Credit Model Deploys 10% ARR Case

Strategy published its BTC credit model that applies a 10% BTC ARR reference case, color-codes spreads across Investment Grade, High Yield and Distressed tiers, and flags BTC floor prices that would leave instruments undercollateralized.

Price action on the 4h chart shows BTC at $63735.29 inside the Bollinger band with upper resistance at $65634.09 and lower support at $63201.79; the EMA50 at $64331.04 acts as immediate resistance while the EMA200 at $63742.07 sits directly beneath spot, and the MACD death cross at -263.03 keeps the structure bearish even as RSI at 39.56 leaves room for a bounce toward the 50-EMA before any deeper test of the lower band.