X-band ESR measurements on a single crystal of the highly frustrated SrCu$_2$(BO$_3$)$_2$ system are shown to provide an essential inspection of the magnetic anisotropy present in this compound. The very broad absorption lines seem to be consistent with the largest anisotropy term, namely, the antisymmetric Dzyaloshinsky-Moriya (DM) interaction allowed by symmetry. However, the previously well-accepted model of only interdimer interaction is generalized with additional intradimer DM terms. Moreover, spin-phonon coupling is recognized as the cause on the linewidth broadening with increasing temperature.
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