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those bubbles are representations of kurama's chakra being drawn away. Not really an indication both are using the exact same cahakra absorption technique. Madara using preta without the rinnegan doesn't make sense to me. We've seen other characters use the ability to absorb chakra so it's possible Madara could too without preta path.
The flames disappeared and Hashirama says "he can absorb ninjutsu".
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I believe he used some generic chakra absorption technique (like how wz and yoroi can absorb chakra) since it'd be weird to say he can use a six paths technique without the rinnegan.
Hashirama is saying "He can absorb Ninjutsu!" not "He can absorb Ninjutsu?!"
It's confusing, but Hashirama was making a statement on how Amaterasu was going to be useless on Madara there, since Hashi thought he still had the Rinnegan. Hence why Madara closed his eyes, so that no one could see it was gone.
Preta Path was not used there because his Rinnegan had already disappeared. It's a confusing scan.