I am on macOS Sonoma, but I've noticed this since macOS Ventura. I created a sparse bundle disk image in Disk Utility, with a capacity of 100TB, encrypted, and in APFS.
Recently I keep running out of storage space and noticed that removing files from my sparse bundle actually affects my available storage space on Disk Utility, Macintosh HD (Get Info from Finder) and System Settings.
From my understanding, sparse bundles grow in file size, but it's not supposed to shrink by deleting data. Reclaiming space is something you have to do in Terminal, and even then, it doesn't reclaim that much.
I've tested and confirmed that adding and removing content from the volume does change Macintosh HD's available free space. It even lets me maximize space outside of it, which I would've assumed that the sparse bundle has already used up and could be just inaccurate.
But this does not appear to be the case at all. Is data somehow leaking or were sparse bundles changed at some point?
I should clarify, I move files between volumes, which copies then deletes. Maybe a move is actually different than a copy then delete. But I just want clarification.