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.
You may also like
Mirae Asset cuts SamsungFN REIT stake to 13.59% from 13.78%###
Mirae Asset Global Investments cuts Mirae Asset Global REIT stake to 25.22% from 25.4%
Mirae Asset trims D&D Platform REIT stake by 290 shares to 14.22%
SpaceX (SPCX.US) sees its first signal of executive stock reduction after listing, as the President plans to sell $52 million worth of shares ahead of Starship’s first orbital test.
SpaceX President plans to sell nearly $52 million worth of shares, while transactions involving Trump's account in July have attracted attention.
Crypto prices
More
