Despite Bitcoin (BTC) having one of its weakest first quarters in 2025, hopes remain for a market rebound in the second half of the year.
According to analyst Axel Adler, rising activity on U.S.-based crypto exchanges may signal an upcoming bullish trend.
Adler points to a reversal in the “US vs. Offshore Ratio,” a metric tracking Bitcoin transfer volumes between U.S. and international exchanges. The ratio had been declining since BTC’s all-time high in January but is now trending upward — a sign that U.S. markets are regaining influence, as seen during past bull runs.
Notably, the 90-day simple moving average (SMA) recently crossed above the 365-day SMA — a pattern that historically preceded major Bitcoin price increases. Adler highlights that a similar crossover occurred when BTC was near $60,000, followed by a significant rally shortly afterward.
While the signal is promising, analysts caution that only time will confirm whether this reversal truly marks the start of Bitcoin’s next leg up.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/us-market-activity-could-spark-bitcoin-rally-analyst-says/