Bitfinex Blog/
STRC Is the Quiet Hand Behind Bitcoin’s Move
Bitcoin reached a 70-day high of $76,000, driven by a combination of geopolitical tensions in the Strait of Hormuz and significant spot buying pressure from the Strategy Variable Rate Perpetual Stretch Preferred Shares (STRC) mechanism.
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Why It Matters
The STRC mechanism acts as a 'spot suction pump' that absorbs supply, providing structural support for Bitcoin's price, while geopolitical instability in the Middle East creates macro-level volatility.