Analyst Axel Adler believes an increase in activity on US-based cryptocurrency exchanges could signal a potential price surge for Bitcoin. His analysis is based on the changing “US vs. Offshore Ratio,” which tracks Bitcoin transfer volumes between US and international platforms. This ratio has been declining since Bitcoin’s all-time high in January but is now trending upwards, indicating a resurgence of American market influence. This aligns with historical patterns observed during previous bull runs, where similar rises were seen before significant price increases. Notably, the 90-day simple moving average (SMA) recently crossed above the 365-day SMA, a pattern that historically preceded major Bitcoin price surges. This signal coincides with a past period when BTC was near $60,000, and a subsequent sharp rally followed. While this signal is encouraging, analysts caution that further time is needed to confirm if this reversal truly marks the beginning of Bitcoin’s next upward phase.