> For the complete documentation index, see [llms.txt](https://docs.blockhorizon.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.blockhorizon.io/chart-tutorials/supply/supply-last-active-2y-3y.md).

# Supply Last Active 2y-3y

## Supply Last Active 2y-3y Indicator

The Supply Last Active 2y-3y indicator measures the amount or percentage of circulating supply that has been inactive (not moved or transacted) for between two and three years. This metric provides insights into mid- to long-term holder behavior, market trends, and potential supply dynamics.

## Steps to Use the Supply Last Active 2y-3y Indicator

1\. Understand the Concept:

* Mid- to Long-Term Inactive Supply: Represents the portion of the circulating supply that has not been active for two to three years.
* Relevance: Highlights trends in mid- to long-term holding behavior, offering insights into market confidence and stability.

2\. Interpret the Supply Last Active 2y-3y Indicator:

* High Percentage: Indicates strong holding behavior, with participants opting to retain assets for extended periods.
* Low Percentage: Suggests increased activity in this timeframe, reflecting shifts in market sentiment or distribution.
* Trends Over Time: Analyze changes to understand the balance between holding and active market participation.

3\. Analyze Historical Patterns:

* Bull Markets: Holders in the 2y-3y range may begin to sell, reducing this percentage as profits are realized.
* Bear Markets: This metric often increases as coins remain untouched during downtrends, reflecting accumulation.
* Market Cycles: Changes in this metric can align with key phases of accumulation, distribution, or consolidation.

4\. Make Decisions:

* During High Percentages: Evaluate the potential for reduced selling pressure and increased market stability.
* During Low Percentages: Monitor for signs of heightened market activity or redistribution.
* Validate Market Sentiment: Use this metric alongside other indicators to confirm trends in market confidence.

## Tips:

* Combine with Other Holder Metrics: Use alongside indicators like long-term holder supply and realized cap for a comprehensive analysis.
* Monitor Transitions: Pay attention to increases or decreases in this range as signals of market shifts.
* Use Historical Comparisons: Compare current levels with past data to identify patterns and assess market phases.
* Contextualize with Market Events: Consider external factors such as economic trends or major announcements impacting activity.

## How to Use the Indicator Effectively

* Assess Long-Term Trends: Use high levels of 2y-3y inactivity to gauge confidence and market stability.
* Identify Market Cycles: Monitor changes to detect accumulation or distribution phases within the market.
* Support Investment Strategies: Incorporate insights from this indicator into long-term portfolio management and risk assessments.

## Created By: This indicator is a widely recognized tool in blockchain analytics.