币界网报道:Bitcoin's 30-day active supply has plunged 17%, signaling increased market hesitation as holders refrain from trading. Data shows only 2.8 million BTC moved in the past month, the lowest level since December 2022. This reduced circulation suggests investors are adopting a "wait-and-see" approach amid recent price volatility. Analysts note such supply contraction historically precedes major price movements, though direction remains uncertain. The trend coincides with declining exchange reserves, now at 2.3 million BTC, indicating reduced selling pressure. Market observers suggest this hodling behavior could set the stage for the next bull run if demand increases.