Negative Bitcoin Absorption Rates Point to Bullish BTC Price, Says Analysts
Bitcoin absorption rates, comparing mining rates with changes in BTC balance on exchanges, are currently negative, indicating bullishness.
Investors have accumulated twice as much BTC over the past year as miners have created, with yearly absorption rate at -100%.
Crypto influencer James Mullarney interprets current absorption pattern as an indicator of "much higher prices in the future."
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