Bitcoin's active addresses have dropped to 785,000, marking the lowest level since September 2024, as reported by Cryptofrontnews. This decline highlights a significant reduction in user participation, with network activity decreasing steadily since early 2025. In contrast, November 2024 saw 1.1 million active addresses. The current downturn suggests a cooling phase in the market, with fewer frequent users engaging with the network. Analysts often view such declines as precursors to accumulation phases and potential market recovery.