Strategy: STRC Drops to $94.84 on BTC Weakness
Strategy's STRC falls to $94.84 after Bitcoin dumps toward $67K and the firm sells 32 BTC for dividends, breaking its no-sale rule.
SourceAnalysis
Strategy faces mounting pressure as $STRC slips to $94.84 after the firm sold 32 BTC worth $2.5 million to cover dividends for the first time in four years.
Bitcoin's slide toward $67K, combined with Strategy's refusal to hike the 11.5% yield despite Strive offering 13%, has investors questioning the sustainability of nearly $1.7 billion in annual preferred obligations. The structure that once kept $STRC pinned near $100 now hinges entirely on higher Bitcoin prices.
On the 4h chart BTC trades at $65604.45 inside the Bollinger Bands with the lower support at $63508.48 while EMA50 at $71579.56 and EMA200 at $75427.11 act as firm resistance; RSI at 22.08 signals oversold conditions yet the MACD death cross at -2074.24 keeps the bearish structure intact, suggesting any relief rally will likely stall at the upper band near $75453.4 before testing lower support again.
Bull Theory
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