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.