# Supply Last Active 1y-2y ## Supply Last Active 1y-2y Indicator The Supply Last Active 1y-2y indicator measures the amount or percentage of BTC circulating supply that has been active (moved or transacted) within the past one to two years. This metric provides insights into medium- to long-term holder behavior, market trends, and participant engagement. ## Steps to Use the Supply Last Active 1y-2y Indicator 1\. Understand the Concept: • Medium- to Long-Term Active Supply: Represents the portion of the circulating supply that was active between one and two years ago. • Relevance: Reflects the behavior of holders who maintain a medium- to long-term investment horizon, offering insights into market confidence and stability. 2\. Interpret the Supply Last Active 1y-2y Indicator: • High Percentage: Indicates a significant portion of the supply has not moved for over a year, signaling strong holder confidence or reduced market activity. • Low Percentage: Suggests higher turnover in this timeframe, reflecting increased market activity or changes in sentiment. • Trends Over Time: Analyze shifts in activity to understand the balance between long-term holding and market engagement. 3\. Analyze Historical Patterns: • Bull Markets: Medium- to long-term holders may start realizing profits, leading to a decrease in supply last active 1y-2y. • Bear Markets: An increasing percentage often reflects accumulation and long-term confidence in the asset. • Market Cycles: Changes in this metric often align with key phases of accumulation, distribution, and consolidation. 4\. Make Decisions: • During High Percentages: Monitor for signs of long-term confidence or reduced market activity, which may precede accumulation phases. • During Low Percentages: Evaluate potential market volatility or distribution by medium- to long-term holders. • Validate Sentiment Shifts: Use this metric alongside other indicators to confirm changes in market sentiment and activity. ## Tips: • Combine with Long-Term Holder Metrics: Use alongside other indicators like long-term holder supply and realized cap for a holistic analysis. • Monitor Cyclical Trends: Pay attention to increases or decreases in this metric during market transitions. • Use Historical Comparisons: Compare current activity levels with historical data to identify recurring patterns and signals. • Contextualize with Market Conditions: Consider external factors such as macroeconomic trends or major network developments. ## How to Use the Indicator Effectively * Assess Long-Term Confidence: Use high levels of 1y-2y activity to gauge long-term holder behavior and market sentiment. * Identify Market Phases: Monitor changes in activity to detect accumulation, distribution, or stabilization phases. * Support Investment Strategies: Incorporate insights from this metric into long-term portfolio planning and market analysis. ## Created By: This indicator is a widely recognized tool in blockchain analytics. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.blockhorizon.io/chart-tutorials/supply/supply-last-active-1y-2y.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.