ChainCatcher news, according to Caixin, on Friday the Federal Reserve's overnight reverse repurchase agreement (RRP) usage was $155.476 billion, a new low since 2021, down from $201.278 billion the previous trading day. The number of participating counterparties was only 41, significantly lower than the usual levels.

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.