📉 $BTC SUPPLY STAGNATION IS A SILENT WARNING

🛑 Bitcoin’s active supply has stopped expanding.

🚶‍♂️ Fewer coins are moving. On-chain activity is slowing down.

📊 When price weakens and uncertainty rises, participation drops first.

🧠 A quiet network often reflects fatigue, hesitation, and reduced conviction.

⚠️ Behavior always shifts before the narrative catches up.

I’m watching this closely.