The US-based exchanges are regaining Bitcoin volume dominance, as indicated by the Bitcoin US vs. Off-Shore Ratio.
Historical data suggests that a rise in Bitcoin volume dominance from US-based exchanges could lead to a rally and new price highs.
Currently, the Bitcoin US vs. Off-Shore Ratio has shown early signs of another turnaround, indicating a potential increase in activity on American exchanges.
Bitcoin is currently trading around $84,000, experiencing a 10% increase in the last seven days.