Bitcoin risks losing $70K as Strategy's STRC slips below $100
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- Strategy bought 34,164 BTC for $2.54 bn, its third‑largest purchase ever, funding 86% via preferred stock STRC sales.
- STRC fell below its $100 par value on April 15, limiting Strategy’s ability to raise cash for further Bitcoin buying this week.
- Bitcoin’s chart shows a flag consolidation with the lower boundary near $67‑$k, while the 20‑day and 50‑day EMAs act as dynamic support.
- Donald Trump warned a two‑week truce on the US‑Iran peace deal would likely end if no agreement is reached by Wednesday, adding risk‑off pressure to markets.
- Adam Back said demand is “almost” enough to push Bitcoin toward $1 million, implying a potential breakout if the flag’s upper trend line is breached.
Why it matters: Investors holding Bitcoin face a 30% price dip to $53k if STRC stays under $100, while Strategy’s buying power shrinks by $2.5bn, tightening liquidity and amplifying market volatility.
