BitMEX Chief Growth Officer: The market is in a rebound period, but the RRR indicator suggests it may be bearish for cryptocurrencies
BitMEX Chief Growth Officer Raphael Polansky stated on X that despite many people cheering for a market rebound, one of BitMEX's favorite macro indicators, RRP, shows signs of continued tightening liquidity this month. Historically, RRP has been inversely correlated with Bitcoin's performance. A high RRP is typically bearish for Bitcoin and cryptocurrencies.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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