Bitcoin absorption rates, both monthly and yearly, are currently negative, which analysts see as a positive sign for BTC's price. The negative absorption rate could be good news for investors hoping for a climb above $32,000.
The Bitcoin absorption rate is a metric that compares mining rates with changes in the balance of BTC on exchanges, and analysts use it to gauge demand for Bitcoin. Negative absorption rates are seen as a bullish indicator for future prices, as they suggest that demand will outweigh supply.
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