Bitmex Chief Growth Officer: The market is in a rebound period, but the RRR indicator shows that it may be bearish for cryptocurrencies

Odaily News Bitmex Chief Growth Officer Raphael Polansky said on X that while many people are cheering for the market rebound, one of BitMEX's favorite macro indicators, RRP, shows signs of continued tightening of liquidity this month. RRP has historically been inversely correlated with Bitcoin's performance. High RRP is generally bearish for Bitcoin and cryptocurrencies.