Thanks for reaching Microsoft Q&A Team.
I would like to inform you that you can only define up to 100 rules in a policy for Azure storage Blob Lifecycle management. Please check the following article for more information.
We recommend you to create a Lifecyle management policy with less than 100 rules and test the result.
Please do not forget to "Accept the answer” and “up-vote” wherever the information provided helps you, this can be beneficial to other community members.
Hope this helps. Please let us know if you have any further questions and we will be glad to assist you further. Thank you!