Bitcoin's rising US exchange transfer volumes and multiple technical indicators forecast a powerful rally in Q3 and Q4 of 2025.

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