BTC's PRP metric shows signs of tightening liquidity, hinting at unfavorable outlook: BitMEX CGO

Raphael Polansky, Chief Growth Officer (CGO) at crypto exchange BitMEX, wrote on X that despite its recent rallies, Bitcoin has showcased signs of tightening liquidity based on its reverse repurchase agreement (RRP) metric. Historically, the RRP indicator has been inversely correlated with Bitcoin's performance, and a high RRP is typically a bearish signal for Bitcoin and other cryptocurrencies, Polansky underscored.