
Supply Last Active 6m–12m measures the total BTC in unspent outputs last moved on-chain six to twelve months earlier. Coins enter at six months, leave if spent, and otherwise pass into older supply after a year.
This band follows coins that have outlasted short holding periods but have not yet reached a full year of dormancy. Its historical peak was about 4.43 million BTC on September 10, 2018; a large balance records how much supply remained still after moves six to twelve months earlier, rather than fresh demand on that date.
A falling balance has two possible causes: coins move again, or they reach one year without moving. Check the 1y+ share to distinguish those paths. On-chain age is not purchase age, and exchange or custodian transfers can create a new cohort without a change in beneficial ownership.
They are generally older than the roughly 155-day threshold used for Long-Term Holder Supply. This band is only one slice of older supply, not the full long-term holder cohort.
No. Coins joining this band last moved around six months earlier. The rise measures their persistence in unspent outputs, not current purchases.
It reached about 4.43 million BTC on September 10, 2018. This is a coin count; expressing it as a share would require dividing by circulating supply on that date.