US Buying Activity Pushes Bitcoin (BTC) Prices Higher

Bitcoin (BTC) price has sharply risen, with US-based buying activity cited as the key driver of recent market momentum. CryptoQuant data reveals a consistent pattern where BTC price increases follow major accumulation phases by US entities. This shift is reinforced by reduced Bitcoin availability on exchanges, indicating strong domestic demand.

Bitcoin (BTC) price has sharply risen, with US-based buying activity cited as the key driver of recent market momentum.

CryptoQuant data reveals a consistent pattern where BTC price increases follow major accumulation phases by US entities. This shift is reinforced by reduced Bitcoin availability on exchanges, indicating strong domestic demand.

US Buying Activity Pushes Bitcoin Prices Higher

A report by blockchain analytics firm CryptoQuant highlighted the surging demand for Bitcoin in the United States. The “US to the Rest Reserve Ratio” chart by CryptoQuant’s Chainalysis division tracked Bitcoin holdings by American entities relative to global ones.

Data showed a correlation where major increases in U.S. entities’ Bitcoin holdings corresponded with significant price surges.

“Last year, when U.S. entities began increasing their Bitcoin holdings, the price of Bitcoin surged significantly.”

— @t0_god

Read more ⤵️https://t.co/POsuj0Mz5D pic.twitter.com/hn4H2Us1h0

— CryptoQuant.com (@cryptoquant_com) May 22, 2025

BTC’s value crossed $73,000 after the SEC approved spot ETFs in early 2024, paving the way for regulated institutional ownership. By January 2025, Bitcoin reached $94,566.59, marking over double the $42,258 at which 2023 closed. The rise continued, and Bitcoin is now trading at $108,749, according to CoinMarketCap figures.

Throughout this period, CryptoQuant reported a decline in exchange reserves of Bitcoin, which restricted market supply and supported upward price pressure. This behavior is characteristic of a market structure where concentrated buying activity, in this case, U.S. entities, leads to rapid price increases due to lower trading liquidity.