> 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-6m-12m.md).

# Supply Last Active 6m-12m

## **Tutorial: Supply Last Active 6m-12m Indicator**

The Supply Last Active 6m-12m indicator measures the amount or percentage of a cryptocurrency’s circulating supply that has been inactive (not moved or transacted) for between six months and one year. This metric provides insights into mid-term holder behavior, market dynamics, and supply trends.

## Steps to Use the Supply Last Active 6m-12m Indicator

1\. Understand the Concept:

* Mid-Term Dormant Supply: Represents the portion of the circulating supply that has not been active for six to twelve months.
* Relevance: Highlights trends in mid-term holding behavior, offering insights into market confidence and the potential for upcoming activity.

2\. Interpret the Supply Last Active 6m-12m 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 6m-12m 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 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 6m-12m 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.

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