# Supply Last Active 3m-6m ## Supply Last Active 3m-6m Indicator The Supply Last Active 3m-6m indicator measures the amount or percentage of acirculating supply that has been inactive (not moved or transacted) for between three and six months. This metric provides insights into mid-term holder behavior, market confidence, and supply dynamics. ## Steps to Use the Supply Last Active 3m-6m Indicator 1\. Understand the Concept: • Mid-Term Inactive Supply: Represents the portion of the circulating supply that has not been active for three to six months. • Relevance: Reflects trends in mid-term holding behavior, offering insights into market confidence and the potential for upcoming activity. 2\. Interpret the Supply Last Active 3m-6m Indicator: • High Percentage: Indicates strong mid-term holding behavior, suggesting participants are retaining assets rather than trading. • Low Percentage: Suggests increased activity in this timeframe, often correlating with higher market engagement or redistribution. • Trends Over Time: Analyze changes to understand the balance between mid-term holding and active market participation. 3\. Analyze Historical Patterns: • Bull Markets: Mid-term holders may reduce their holdings, leading to a decrease in the 3m-6m supply as profits are realized. • Bear Markets: This metric often increases as holders wait for improved market conditions before transacting. • Market Cycles: Shifts in this metric can align with key phases of accumulation, distribution, or market consolidation. 4\. Make Decisions: • During High Percentages: Evaluate the potential for reduced selling pressure and a stable market environment. • During Low Percentages: Monitor for signs of heightened market activity or redistribution by mid-term holders. • Validate Market Trends: Use this metric in combination with other indicators to confirm market sentiment and activity levels. ## Tips: • Combine with Other Holder Metrics: Pair this indicator with metrics like short-term and long-term holder supply for a holistic analysis. • Monitor Historical Patterns: Pay attention to increases or decreases during similar market phases to identify trends. • Use Historical Comparisons: Compare current levels with past data to assess market confidence and potential turning points. • Contextualize with Market Events: Consider external factors such as economic trends or major announcements influencing activity. ## How to Use the Indicator Effectively * Gauge Mid-Term Confidence: Use high levels of 3m-6m inactivity to evaluate mid-term holder behavior and market sentiment. * Identify Market Phases: Monitor changes in this metric to detect accumulation, distribution, or stabilization phases. * Support Investment Strategies: Incorporate insights from this indicator into mid-term portfolio management and risk assessments. ## 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-3m-6m.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.