TLDR
Strategy’s STRC preferred stock is quietly building a structural demand floor under Bitcoin, funded by Income markets that does not seem to care about crypto sentiment. STRC recorded $409 million in single-day volume on March 10 while 30-day price volatility compressed to ~2%. Whether this trend holds, we will see but record liquidity paired with record-low volatility is the signal that this channel is maturing.
STRC is showing its strength as a primary mechanism through which traditional fixed-income capital is converted into spot Bitcoin demand. If this flow scales, Bitcoin acquires a persistent bid that compounds independent
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