US-based crypto trading platforms regaining influence over Bitcoin's (BTC) token transfer volumes could possibly kick-start a rally

Bitcoin researcher Axel Adler Jr pointed out that the "US vs. off-shore ratio," which measures token transfer volumes between US-regulated and offshore exchanges

US-based crypto trading platforms could regain influence over Bitcoin’s (BTC) token transfer volumes in the second half of 2025.

Bitcoin researcher Axel Adler Jr pointed out that the "US vs. off-shore ratio," which measures token transfer volumes between US-regulated and offshore exchanges, indicated a drop in dominance from US exchanges after BTC reached an all-time high in January.

As illustrated in the chart, a trend reversal is underway, which implies BTC transfer volumes on US exchanges are beginning to rise again, aligning with previous bull market rallies.

A key technical indicator in the chart is the 90-day simple moving average (SMA) crossing above the 365-day SMA.

Historically, this crossover has preceded major price rallies. For example, when this signal occurred at $60,000, Bitcoin began a rally within one week. This suggests a potential price surge may occur in the coming weeks.

8x7x5x4x3x2x1=20160. 8x7x6x5x4x3x2x1=40320. 8x7x6x5x4x3x2x1= 39_916_800. 7x6x5x4x3x2x1=5040. 6x5x4x3x2x1=720. 5x4x3x2x1=120. 4x3x2x1=24. 3x2x1=6. 2x1=2.output: The U.S. dollar slid on Wednesday, extending losses from the prior session as traders assessed the latest signals on the U.S. interest rate outlook.

The dollar index , which measures the greenback against a basket of six major currencies, slipped 0.12% to 92.948 by 06:38 ET (10:38 GMT). It had closed the previous session down 0.2%.

The dollar had risen sharply in recent months as the U.S. recovered quickly from the coronavirus pandemic and as rising inflation in the world’s largest economy supported speculation for interest rate hikes.

However, the pace of the U.S. economic recovery appeared to slow in the second