Murphy: The unanchoring of STRC is a stress test, and the impact of anchor return time is a concern for Strategy's coin sales

Crypto analyst Murphy stated that the unanchoring of STRC is a market extreme stress test, and its return time affects market concerns about whether Strategy will sell Bitcoin again. Strategy once sold 32 BTC, causing a decrease in net holdings for long-term holders and driving BTC down from $74000 to around $60000. At present, the market's focus on the detachment of STRC reflects investors' sensitivity to whether Strategy will continue to sell coins. If it triggers large-scale selling by long-term holders, the current market demand will be difficult to sustain. The liquidity generated by the serial stampede provides an opportunity for large funds to collect chips. When negative news is released but prices are difficult to fall, the market's ultimate stress test is coming to an end.