BitMEX Chief Growth Officer: The market is in a rebound period, but the RRP indicator suggests it may be bearish for cryptocurrencies
ChainCatcher news, BitMEX Chief Growth Officer Raphael Polansky stated on X that despite many cheering for a market rebound, one of the macro indicators favored internally at BitMEX, the 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.
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