<ul><li>Bitcoin’s declining exchange reserves, rising U.S. exchange dominance, and bullish technical signals point toward a potential second-half 2025 rally.</li><li>Metrics like the Stablecoin Supply Ratio and moving averages suggest significant upside if current trends hold—making BTC a key asset to watch.</li><li>U.S.-based exchanges are regaining dominance in BTC transfer volumes, while Bitcoin's presence on centralized exchanges has diminished significantly.</li><li>Technical analysis indicates a bullish sentiment with the 90-day SMA crossing above the 365-day SMA, and a favorable Stablecoin Supply Ratio.</li></ul>

Bitcoin Exchange Ratio Signals Bullish 2025 Rally—Here’s What to Expect

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