Both the monthly and yearly Bitcoin absorption rates are currently negative. Analysts are reading this as a bullish sign for the price of BTC.
With Bitcoin yet to break through $32,000 this year and below $30,000 for much of the past week, the negative absorption rate could be good news for investors hoping it will climb higher.
What is the Bitcoin Absorption Rate?
The…
This story from beincrypto.com was posted on 2023-07-23 by @glimmerfox.